As of 2023, the actual milled rice supply in Ghana was recorded at 1.78 Million Metric Tons. The forecasted data indicates a steady year-on-year increase in milled rice supply from 2024 to 2028. In 2024, the supply is expected to rise to 1.82 Million Metric Tons, reflecting a 2.2% increase from the previous year. By 2025, the supply is forecasted to reach 1.86 Million Metric Tons, marking a 2.2% increase. This growth trend is projected to continue, with the supply reaching 1.91 Million Metric Tons in 2026 (2.7% increase), 1.95 Million Metric Tons in 2027 (2.1% increase), and 1.99 Million Metric Tons in 2028 (2.1% increase).
The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 2.3%, indicating a stable upward trend in milled rice production.
Future trends to watch for include potential impacts of climate change on rice cultivation, government policies on agricultural subsidies and support, technological advancements in rice farming, and changes in domestic and international market demand. Monitoring these factors will be crucial for anticipating further developments in Ghana's milled rice supply.
