• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Only 15.0% of Farms In Ghana Are Commercialized- Report

February 1, 2024
Stephen M.Cby Stephen M.C
in Agribusiness
0
Only 15.0% of Farms In Ghana Are Commercialized- Report

Dr. Bryan Acheampong, Minister of Agric

Ghana’s agricultural landscape stands at a critical juncture, with only 15.0% of farms in the country being classified as commercial, according to a recent report titled “Creating Agriculture Financing Schemes for Sustainable Agriculture and Food Security.”

Additionally, the report sheds light on the alarming statistic that a mere 4.0% of total bank lending in Ghana has been directed towards agriculture over the past five years.

The challenges outlined in the report underscore the complexities hindering the growth and sustainability of the agriculture sector in Ghana. Factors such as low mechanization, poor farm recordkeeping, inadequate storage and processing capacities, deficient rural transportation infrastructure, and post-harvest losses collectively contribute to the sector’s underperformance. The thin portfolios of agriculture across various financier groups further highlight the disincentives for investment in this crucial sector.

RelatedPosts

Unchecked Raw Cashew Exports Threaten Jobs and Undermine 24-Hour Economy Policy – ACPG Raises Alarm

COCOBOD Launches Balanced Scorecard to Drive Performance and Revitalise Cocoa Sector

Mahama Unveils Ambitious Plan to Irrigate 2 Million Hectares Under 24-Hour Economy

The report emphasizes that agriculture in Ghana primarily relies on rain-fed practices and operates on a subsistence basis, reinforcing the need for a shift towards commercialization. The stark reality of only 15% of farms being commercialized signifies a missed opportunity for economic growth and food security. The identified challenges not only impede the sector’s performance but also act as barriers to securing essential financial support.

In light of these findings, the report advocates for increased interventions from funds and financial institutions, particularly emphasizing the roles of the Agriculture Development Bank and Ghana EXIM Bank.

These institutions play a pivotal role in the agriculture value chain and are strategically positioned to address the existing funding gaps. By aligning their core mandates with the urgent needs of the agriculture sector, these financial entities can catalyze positive change and drive sustainable growth.

Ghana’s Agriculture Economy

Ghana’s agriculture economy, valued at approximately $12.6 billion, has been a significant contributor to the Gross Domestic Product (GDP), averaging around 20% over the last five years. Cash crops and other commodity exports derived from agriculture account for a substantial 20-25% of the nation’s total export revenues. Furthermore, the sector plays a vital role in employment, providing jobs for over 35% of the total labor force.

To unleash the full potential of Ghana’s agriculture sector, a multi-faceted approach is imperative. Enhancing mechanization, promoting effective farm recordkeeping, investing in storage and processing capacities, improving rural transportation infrastructure, and minimizing post-harvest losses are key steps toward transforming the sector.

Simultaneously, financial institutions must actively collaborate with stakeholders to bridge the funding gaps and create innovative financing schemes that align with the unique needs of the agriculture value chain.

The report serves as a call to action for both public and private entities to prioritize and invest in Ghana’s agriculture sector. By addressing the identified challenges and committing to sustainable agricultural practices, Ghana can not only unlock economic growth but also ensure food security for its population. The collaborative efforts of financial institutions, government agencies, and the agricultural community are essential for realizing the untapped potential within the sector and driving positive change for the nation’s future.

READ ALSO: Mahama Unveils A Comprehensive Plan To Decentralize Mining Regulatory Agencies Across Districts

Tags: AgriculturalAgriculture Development BankFarmGhana Exim BankOnly 15.0% of Farms In Ghana Are Commercialized- Report
Please login to join discussion
Previous Post

Lazzarini Expresses Concern About UNRWA Fate If Funding Remains Suspended

Next Post

Former NDC Upper West Akyem PC Expresses Worry Over The Fate Of Ghanaian Youth

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

July 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

July 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

July 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

July 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

July 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

July 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

by Esther Korantemaa OffeiJuly 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

by Lawrence AnkutseJuly 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

by Silas Kafui AssemJuly 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

by Comfort AmpomaaJuly 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

by Prince AgyapongJuly 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

by Evans Junior OwuJuly 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Mustapha Gbande, Party, President.
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
GoldBod CEO Champions Value Addition in Mining
Hon. Haruna Iddrisu, Ghana's Minister for Education
[/vc_row_inner]

Recent News

  • Debby Reveals Professionalism Fuels Female Musicians
  • Mass Jail Sentences Deepen Tunisia’s Political Crisis
  • Every NDC Member Is Better Off Today – Gbande
  • Mass Casualty Incidents Besmirch Gaza’s Aid Struggle
  • Ghana Poised to Reap Big from Soaring Gold Prices
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.