The oilseeds production in Ghana stood at 3.75 million metric tons in 2023. From 2014 to 2023, there has been an overall upward trend, with year-on-year variations showing both growth and contractions. Significant growth was observed in 2018 (6.27%) following a period of fluctuations. The average annual growth rate for the last five years (CAGR) leading up to 2023 was 0.17%, highlighting moderate growth. Future forecasts predict a steady rise with a 5-year CAGR of 0.43%, estimating the production to reach 3.85 million metric tons by 2028, representing a 2.15% overall growth from 2024 to 2028.
Future Trends to Watch for:
- The impact of global market fluctuations on production and pricing.- Potential improvements in agricultural technology and practices.- Climate change effects on crop yields.- Government policies and investments in the agricultural sector.
