World Bank values Ghana’s agriculture sector at $12.1 billion

Ghana’s agriculture sector, according to the World Bank Group commanded a total value $12.1 billion in 2019.

According to the Bretton Wood institution, the sector’s contribution to Gross Domestic Product (GDP) for the same year was 17.3 percentage points recording an annual average growth rate of 5.2 percent between 2017-2020.

Adding that some 44.7 percent of the country’s total labour force was employed in the agric sector in the same year.

The increased value of the sector per the information contained in the quarterly newsletter of the Ghana Investment Promotion Centre (GIPC), follows several government interventions in the sector aimed at increasing productivity and modernizing the sector.

“Between 2017 to 2020 the Government has invested about GHC1.9 billion into the sector under its flagship Planting for Food and Jobs initiative aimed at increasing productivity and modernizing the Agric sector by providing inputs, improving infrastructure, and strengthening the market structure for the sector,” said the GIPC.

“Taking government’s persistent investments into the sector with the aim of attaining self-sufficiency, this sector holds immense opportunities for investment in agric-technology such as greenhouse farming, logistic and infrastructure provision, irrigation schemes, agro-processing as well as marketing,” added the GIPC.

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