In 2023, Ghana's gross production of maize (corn) stood at 783.12 million US Dollars PPP. The forecasts for the years 2024 to 2028 suggest significant growth in maize production, with values increasing from 824.52 to 996.21 million US Dollars PPP. This indicates a consistent upward trend.
Year-on-year percentage variations are as follows:
- From 2024 to 2025: 5.28%
- From 2025 to 2026: 4.97%
- From 2026 to 2027: 4.68%
- From 2027 to 2028: 4.46%
The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is approximately 4.84%.
Future trends to watch include the impact of climate change on crop yields, advancements in agricultural technology, and governmental policies supporting agribusiness. Innovations such as drought-resistant seed varieties and precision farming could further boost maize production. Additionally, monitoring global market prices and trade policies will be crucial for assessing the economic viability of maize production in Ghana.
