The forecast for cotton production in Ghana shows a consistent but modest growth. In 2023, the actual production was 28.0 thousand units (480 lb. bales), and this value is expected to remain steady at 28.0 thousand units through 2024 and 2025. The production is projected to increase to 29.0 thousand units starting in 2026 and sustaining through 2028.
The year-on-year variation from 2023 to 2025 indicates no change, with a 0% increase. However, from 2025 to 2026, there is a 3.57% rise, which holds steady through 2027 and 2028. Over the last two years (2023-2025), and extending through 2028, the Compound Annual Growth Rate (CAGR) for cotton production stands at approximately 0.9%.
Future trends to watch for:
- Potential impact of climate change on agriculture.
- Technological advancements in cotton farming.
- Shifts in global demand and export opportunities.
- Government policies and subsidies affecting the agriculture sector.
