The demand for maize in Ghana has shown an overall growth trend from 1.75 million metric tons in 2014 to 2.35 million metric tons in 2023. The year-on-year variations indicate fluctuations, such as a significant increase of 14.55% in 2018 and slight decreases of 2.39% and 3.32% in 2019 and 2020, respectively. The average compound annual growth rate (CAGR) over the past five years stands at 0.83%. Forecasted data suggests a steady growth with an anticipated increase to 2.54 million metric tons by 2028, reflecting a forecasted 5-year CAGR of 1.22%.
Future trends to watch for include potential impacts of climatic changes on maize yield, policy changes related to agricultural practices, and technological advancements in farming. Any shift in these factors could significantly alter the demand and supply dynamics for maize in Ghana.
