Ghana Grain Market Size

Ghana Grains Market Analysis

The Ghana Grain Market size is estimated at USD 3.5 billion in 2024, and is expected to reach USD 4.20 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).

• The Ghanaian grain market caters mainly to domestic demand. The grain market includes cereals, pulses, and oilseeds. Ghana is not a self-sufficient country in the cereal market, and various kinds of cereals are imported from other countries to satisfy domestic needs. In Ghana, cereals, such as maize and rice, are consumed significantly as these commodities are produced locally in significant volumes, and therefore are the major ingredients in traditional Ghanaian cuisine. For instance, Kenkey is a staple dish prepared with corn dough in the country. Kenkey is a popular dish among the Ghanaian population, which is usually served with pepper sauce and fried fish. Likewise, Rice remains a popular and rising part of the Ghanaian diet, owing to its convenience and changing palates.
• According to FAO, maize is the most widely cultivated cereal, with a production of 3.1 million metric ton in 2020. Rice and sorghum are the most cultivated crops in Ghana, after maize, with production totaling 973 thousand million metric ton and 356.0 thousand metric ton, respectively. Beans and peas are the most widely cultivated pulses, while groundnut is the most cultivated oilseed. As the trend suggests, the grain market in Ghana is expected to witness slow but steady growth over the forecast period.
• Furthermore, the growth of the middle-class population which is moving away from consuming traditional starches, like cassava and yam towards rice and maize-based convenience foods signifies a burgeoning market for Ghana grain producers. However, the threat of climate change, lack of efficient financial support, and extension activities to the small-scale farmers of Ghana, are expected to restrain the grain market during the forecast period.