Interested in Agric?

Talk to:

Michael A. Acheampong
+233 302 665125
michael.acheampong@gipc.gov.gh

 

Evans Elvis Acquaah

233 302 665125
evans.acquaah@gipc.gov.gh

 

 

Investing in Ghana's Agricultural & Agro-Processing Industry

Agriculture production in Africa now accounts for nearly half of the continent’s economic activity. A new World Bank report “Growing Africa: Unlocking the Potential of Agribusiness,” indicates that Africa’s farmers and agribusinesses could create a trillion-dollar food market by 2030 if they can expand their access to more capital, electricity, better technology and irrigated land to grow high-value nutritious foods. These projections indicate that agriculture offers the greatest prospects for a three-fold increase in the GDP of Ghana.

Agriculture is an important contributor to Ghana’s export earnings, major source of inputs for the manufacturing sector, potential vehicle for creating employment and improving the GDP growth rate of the country from 4.8% to the desired 8%. Ghana cannot experience economic growth and structural trans-formation without the emergence of a productive agricultural sector.

Ghana’s potential with respect to commercial agriculture and agro-processing are largely untapped, and we can actualize this potential through good policies, sustained public-private investment and strong public-private partnerships backed by transparent procedures and processes along the entire value chain.

For instance, the successful implementation of the Planting for Food and Jobs (PFJ) programme has increased food production, addressed the issue of food insecurity and Ghana currently exports excess maize, sorghum, cowpea, plantain and yam to Burkina Faso and Cote d’Ivoire. The government is also in the process of implementing the Rearing for Food and Jobs programme to facilitate growth in the livestock industry and complement the PFJ programme.

The Government of Ghana is ready to partner investors who are willing to transform the agriculture sector. This will yield significant returns on any investment spent on developing it in the medium to long term. It is clear that Ghana’s aim to attract investors is to improve on the sustainability of the production of exportable horticultural crops and animal products, reduce the size of its food import bill, encourage domestic processing to mitigate post harvest losses and create more jobs.