Forecast: Cereal Production in Ghana

Cereal production in Ghana has displayed a generally upward trend from 2013 to 2023, marked by variable growth rates. In 2023, cereal production stood at 5.3223 million metric tons. Key year-on-year percentage variations include a notable increase of 23.43% in 2019 and a moderate growth of 3.62% in 2023. Between 2019 and 2023, the compound annual growth rate (CAGR) was 8.29%, reflecting a robust increase overall. Looking ahead, cereal production is forecasted to grow at a 5-year CAGR of 2.67% from 2023 to 2028, with an anticipated growth rate of 14.1% over the entire period.

Future trends to watch for:

  • Technological advancements in agriculture that may enhance productivity.
  • Climate change impacts potentially affecting year-on-year yield variations.
  • Policy changes and governmental support aimed at boosting agricultural output.
  • Market dynamics, including international demand for Ghanaian cereals and pricing fluctuations.

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