The maize processing industry in Ghana exhibited stagnation from 2014 to 2023, with the value consistently standing at 22.0 thousand metric tons since 2016. The year-on-year variation remained at 0% over the last two years, showing no growth. The last five-year CAGR also stood at 0%, indicative of a flat growth trend. Compared to 2014, the industry experienced a one-time growth in 2016, increasing by 4.76%, but this level remained constant afterward.
Future trends to watch for:
- Potential innovations in agricultural technology that could boost output.
- Government policies and investments towards enhancing maize processing capabilities.
- Market demand shifts locally and internationally that might influence production volumes.
- Climate change impacts on maize yield and quality, potentially affecting processing volumes.