Forecast: Cashew Nuts Production in Ghana

The production of cashew nuts in Ghana has exhibited a consistent upward trend from 2013 to the forecasted year of 2028. In 2023, the production stood at 108.62 thousand metric tons, marking a modest year-on-year increase of 3.95%. Over the past two years, the production increased by an average of 4.08% annually. The overall compound annual growth rate (CAGR) from 2019 to 2023 was notably lower at 1.16%. However, looking forward, the forecasted 5-year CAGR from 2024 to 2028 is anticipated to be 2.62%, with an expected growth rate of 13.79% over the same period.

Future trends to watch for include:

  • Potential impacts of climate change and weather variability on production volumes.
  • Technological advancements in agricultural practices and potential increases in yield efficiency.
  • Changes in global demand for cashew nuts and their influence on Ghana's export markets.
  • Government policies and investments in the cashew nut sector which could drive further growth.

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