Oil crops production in Ghana has shown a generally upward trend from 2013 to 2023, standing at 4.1036 million metric tons in 2023. The year-on-year variation saw a mix of increases and decreases, with notable fluctuations such as the 8.35% rise in 2018 and a 3.04% decline in 2020. Over the past two years, production rose by 1.84% in 2022 and 1.77% in 2023. The 5-year CAGR from 2018 to 2023 averaged at 1.52%.
Forecasts indicate consistent growth, predicting production to reach 4.4767 million metric tons by 2028, reflecting a CAGR of 1.37% and a forecasted 5-year growth rate of 7.04%. Future trends to watch include the impact of climate change, technological advancements in agriculture, and potential government policies affecting oil crop production.
