From 2014 to 2023, maize production in Ghana increased from 1.76 million metric tons to 2.41 million metric tons, representing a 36.93% cumulative growth. The year-on-year variation highlights periods of significant growth, such as in 2017 (16.78%) and 2018 (14.67%), as well as occasional declines, such as in 2015 (-3.97%), 2019 (-2.86%), and 2020 (-3.18%). Over the last two years, the year-on-year growth rate has been modest, with 1.76% in 2022 and 1.73% in 2023. The compound annual growth rate (CAGR) for the last five years stands at 0.86%, indicating a steady incremental growth in production.
The forecasted data from 2024 to 2028 shows a continuation of this upward trend, projecting maize production to reach 2.62 million metric tons by 2028. The 5-year CAGR for the forecasted period is anticipated to be 1.33%, leading to an overall growth rate of 6.81% over five years. This suggests a consistent but modest increase in production levels.
- Future trends to watch include potential impacts of climate change on maize yield, advancements in agricultural technology, government policy changes, and market demand fluctuations.
