The data indicates that the oil crops yield in Ghana has exhibited modest fluctuations from 2013 to 2023, beginning at 38.84 thousand hectograms per hectare in 2013 and standing at 38.17 thousand hectograms per hectare in 2023. Over this period, the yield demonstrated some year-on-year volatility. Notable decreases occurred in 2017 and 2020, with year-on-year variations of -1.28% and -4.93%, respectively. Conversely, significant increases were seen in 2021 (5.49%) and a steady rise in the following years. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 0.46%. The forecast from 2024 to 2028 predicts continued modest growth, with a five-year CAGR of 0.17%, projecting the yield to reach 38.58 thousand hectograms per hectare in 2028.
Future trends to watch for include the impact of technological advancements in agriculture, climate variability effects, and government policies promoting sustainable agricultural practices. Monitoring these factors will be crucial for ensuring continued growth in oil crops yield in Ghana.
