The livestock gross production in Ghana exhibited a positive growth trajectory from 2023 onwards. The actual value in 2023 was notably lower than the forecasted value for 2024, which stood at 1.0025 billion USD. Observing year-on-year variations, the industry is projected to grow by approximately 2% in 2025, 2% in 2026, and maintain a steady increase of around 2% annually until reaching 1.0841 billion USD by 2028.
Key future trends to watch for include:
- Technological advancements in animal husbandry and veterinary practices.
- Government policies and subsidies aimed at boosting livestock production.
- Impact of climate change and global economic fluctuations on livestock farming sustainability.
- Consumer demand shifts towards higher meat and dairy consumption.
- Growth in export markets and international trade opportunities.