Ghana Seeds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Ghana Seeds Market is Segmented by Type (Non-GM/Hybrid, GM Seeds, and Open-pollinated Varieties) and Crop Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Other Crop Types).

Market Snapshot

Ghana Seed Market  Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.8 %

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Market Overview

The Ghana seeds market is projected to register a CAGR of 3.8% during the forecast period (2021 - 2026). COVID-19 posed a severe threat to Ghana's seeds sector. One of the major problems that farmers dealt with was a lack of capital to acquire high-quality seeds, which help boost yields. Loans from the capital market set high interest rates, which meant that farmers could not plan and maximize production. Therefore, farmers used previously saved seeds from harvest to grow the next.

The seed sector in Ghana is characterized by major investments in the sector that promote breeding programs and support seed companies and agro-input dealers. Major initiatives have been initiated to make the seed value chains for maize and cowpea more professional. Although the MoFA (Ministry of Food and Agriculture) has privatized the seed production and supply system, only less than 5.0% of Ghanaian farmers are able to access improved seeds from approved sources. Corn and rice make up to 70.0% of the sales of certified seeds in Ghana.

Open-pollinated varieties dominate the Ghana seed sector. Data from the National Seed Trade Association of Ghana (NASTAG) indicates that about 95.0% of the production of maize seeds in 2015 was open-pollinated varieties (OPV). Farmers who buy OPVs tend to save/reproduce seeds for at least two growing seasons.​ The Ghana seed industry is still in the early‐growth stage. and hence, there is significant room for growth. This poses an opportunity for private players to participate in developing newer varieties and improve the entire chain. Therefore, the seeds market is Ghana is anticipated to achieve notable growth over the forecast period.

Scope of the Report

A seed is the ripened fertilized ovule of a flowering plant containing an embryo and is capable of germination to produce a new plant. For the purpose of this report, seeds used for sowing at the farmer level are included. In this report, market sizing has been done at the farmer's level. The Ghana seeds market is segmented by type (non-GM/hybrid, GM seeds, and open-pollinated varieties) and crop type (grains and cereals, pulses and oilseeds, fruits and vegetables, and other crop types).

By Type of Seed
Non-GM/Hybrid Seeds
GM Seeds
Open-pollinated Varieties
By Crop Type
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Other Crop Types

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Key Market Trends

Growing Demand for Certified Seeds to Improve Productivity

Crops such as corn, rice, cowpea, soybean, sorghum, and peanut are mostly regulated for seed production in Ghana, among which corn and rice seeds form the bulk of certified seed production. For instance, according to the Seed Inspectorate Division, MOFA, in 2018, certified corn seed production reached 8,430 metric ton, up from 1,510 metric ton in 2017. Also, certified rice seed production in 2018 accounted for 5,200.0 metric ton, which was 881.0 metric ton in 2017. Furthermore, government initiatives such as subsidy programs are a prominent factor behind increased production. An increase in the production of all of the above-mentioned seeds was seen in 2019/20 due to the 50.0% subsidy for seed and fertilizer production implemented by the government of Ghana in 2017.

Corn is a staple food and plays a significant role in Ghana’s food security. The GOG exerts considerable pressure to ensure adequate corn production to meet the domestic consumption requirements. Therefore, maize hybrid seed use is increasingly becoming important for Ghana to reach its targeted corn production. Thus, the government policies promoting the development of the seed sector to ensure sufficient domestic production are expected to drive the market.

Ghana Seed Market Latest Trends

Open-pollinated Varieties Dominate the Market

The seeds of open-pollinated plants are often saved by small-scale farmers. For example, in the seed sector, there is currently an overdependence on a relatively low number of older open pollinating varieties (e.g., for tomato, peppers, and onions), while a few new domestic and international varieties enter the market. ​About 10.0% and 3.0% of the maize area planted was cropped with OPVs and hybrids, respectively, from the formal system in 2015, while 87.0% of the seeds were supplied by the informal system.

Furthermore, about 24 varieties of maize, including one foreign hybrid (Sika Aburo), have been released in Ghana. Obatanpa is the most widely known and grown improved maize seed, although the variety is old and not adapted to drought. Newer OPVs like Omankwa, Abontem, Honampa, and Opeaburo are slowly gaining acceptance because of their shorter growth duration, tolerance to drought, and decent yields. Commercial farms (over 1,000 ha) tend to grow mainly imported hybrid maize seeds, while smallholder farmers (3 ha) usually grow Obatanpa and are likely to save the seeds for a while before replacing them.

Ghana Seed Market Growth

Competitive Landscape

The seed market for Ghana is fairly fragmented as the top-five companies account for around 40.0% of the market, while the rest is accounted for by seeds provided by agricultural universities and research institutions in Ghana. SEEDPAG has the largest share among all other companies, as it is an association of seed breeders and has a strong portfolio of crops, from which it can provide seeds to farmers. Key companies include M&B Seeds, Corteva Agriscience, RMG Ghana Ltd, Seed Co. Limited, Yonifah Seeds Ltd.

Recent Developments

In 2017, the West Africa Centre for Crop Improvement (WACCI) of the University of Ghana received approval for the release of three new hybrid maize varieties for cultivation and consumption. The three new WACCI hybrid maize varieties are WACCI-M-1205, WACCI-M-1210, and WACCI-M-1218. These hybrids are the first-ever hybrid maize seeds to be produced by a university in the history of Ghana.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of Substitute Products

      4. 4.4.4 Threat of New Entrants

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Seed

      1. 5.1.1 Non-GM/Hybrid Seeds

      2. 5.1.2 GM Seeds

      3. 5.1.3 Open-pollinated Varieties

    2. 5.2 By Crop Type

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Other Crop Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Seed Co. Limited

      2. 6.3.2 Rijk Zwaan Zaadteelt En Zaadhandel BV

      3. 6.3.3 M&B Seeds

      4. 6.3.4 RMG Ghana Ltd

      5. 6.3.5 Groupe Limagrain

      6. 6.3.6 Syngenta AG

      7. 6.3.7 Corteva Agriscience

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Ghana Seeds Market market is studied from 2016 - 2026.

The Ghana Seeds Market is growing at a CAGR of 3.8% over the next 5 years.

Rijk Zwaan Zaadteelt En Zaadhandel BV, M&B Seeds, RMG Ghana Ltd, Seed Co Limited, Corteva AgriScience are the major companies operating in Ghana Seeds Market.

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