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Agriculture
a diversity of commodities, well-endowed drainage
basin, a well-established agricultural research sys-
tem and a relative proximity to the European market.
Contribution to National
GDP and Growth Rate
Agriculture contribution to GDP over the years has
shown a steady reduction from 35.4% in 2006 to
34.3 in 2007 and to 33.59% in 2008. The growth rate
of the sector however doesn‘t show any clear trend.
The growth rate reduced from 4.5% in 2006 to 4.3%
in 2007 and increased to 5.17% in 2008.
Gross Domestic Products
Agriculture
Forestry & logging
Fishing
Forestry & logging
Fishing
Growth rate
GDP
Agriculture
Crops & livestock
Cocoa
Crops & livestock
Cocoa
Activity
36
3.5
4.6
3.7
2.1
1.1
6.2
11.1
-1.6
24.36
3.5
2000
35.9
3.6
4.5
4.2
4.0
5.0
-1.0
4.8
2.0
24.5
3.3
2001
35.8
3.6
4.4
4.5
4.4
5.2
-0.5
5.0
2.8
24.7
3.1
36.1
3.6
4.4
5.2
6.1
5.3
16.4
6.1
3.0
24.7
3.5
36.6
3.6
4.4
5.6
7.0
4.3
29.9
4.2
6.2
24.4
4.3
36.0
3.6
4.1
5.9
4.1
3.3
13.2
5.6
-1.2
23.8
4.6
35.4
3.4
4.4
6.43
4.5
3.5
2.0
2.6
15.0
23.0
4.4
34.7
3.3
4.4
5.7
4.3
4.0
6.5
2.5
15.0
22.7
4.3
33.59
3.20
4.21
7.3
5.14
5.82
5.0
3.5
3.0
22.28
3.90
2002 2003 2004 2005 2006 2007 2008
estic Product
THE MARKET
Cocoa has historically been a key economic sector
and a major source of export and fiscal earnings.
Ghana is the second largest cocoa-growing country
in the world. Cocoa production amounting to 674,808
tonnes with a farm gate value GH ¢684,501,000 was
produced during the 2007/2008 year. In all, 551,626
tonnes of cocoa was exported which generated a
revenue of USD$1,160,450,099.94. The volume of
cocoa processed locally accounted for 123,182.40
mt. Ghana processes between 18% and 22 % of its
cocoa output into liquor, paste, and butter for export
markets, while all other cocoa is exported in its raw
state.
The total export of non-traditional Agriculture Prod-
ucts for 2008 was 356,497,537kg amounting to
USD$187,621,229. The leading non-traditional
products were Fresh or chilled tunas, Shea nuts,
Cashew, Fresh or chilled fish, yams, Banana and
Pineapples.
Ghana commands a great share of the African quota
of EU market in fruits and vegetables export. Other
leading processed agricultural export products were
processed tuna, cut fresh pineapples, other pre-
pared fish and tomato paste.
INVESTMENT OPPORTUNITIES
•
Provision of agricultural inputs
such as improved
seeds and agrochemicals including fertilizers, pesti-
cides and herbicides. Veterinary drugs, vaccines and
chemicals; animal feed and feed ingredients are also
required.
• Opportunities exist in the
processing of agricul-
tural products
such as cereals (maize, rice, millet)
starchy crops (yam, cassava. Sweet potato, plan-
Gross Domestic Product (at constant 1993 Prices) and growth rate
Source: Ghana Statistical Service