The cottonseed production in Ghana stood at 6.26 thousand metric tons in 2023. Over the past decade, production levels have generally declined, with key peaks in 2015 at 7.9 thousand metric tons and consistent decreases thereafter. The year-on-year decline in 2023 was 2.54%, while the CAGR for the last five years up to 2023 was -2.47%, reflecting a downward trend in production.
Future expectations indicate a continued decline in production, with the forecasted CAGR for the next five years at -2.3%, predicting an 11% reduction in total output by 2028. With forecasted production reaching 5.42 thousand metric tons by 2028, stakeholders should monitor potential variables impacting this trajectory.
Future trends to watch for:
- Influence of climate change on crop yields.
- Advancements in agricultural technology and practices.
- Government policies and investment in the cotton industry.
- Market demand and price fluctuations.
- Possible shifts in production to other crops based on economic viability.
