September 21, 2022

Agricultural export earnings to grow about 8X in the next decade

Hon. Kojo Oppong Nkrumah. Minister For Information, Ghana. Source - MOI Ghana

The Minister for Information, Hon. Kojo Oppong Nkrumah has stated that the agricultural export earnings of the country are bound to grow 8 times the current amount in the next ten years.

This information comes at a critical time since the economy is in the recovery phase following the harm done by the Covid 19 virus.

He stated “Looking into the future, we can project that agricultural export earnings will grow by about 8 times in the next decade mainly because of a number of interventions including the effort that the tree crop development authority has started rolling out”

The export earnings currently sit at about 2.5 billion dollars after falling from a high of 3.87 billion dollars in 2019 and are estimated to be valued at about 20 billion Dollars by 2031.

Since 2008, agricultural export earnings have risen from an all-time low of 1.27 billion dollars in the 2010 export year to an all-time high of 4.69 billion dollars in 2018.

The data now suggests we have successfully consolidated the efforts at food security, particularly of our staples and now our export numbers are looking encouraging

Hon. KOJO OPPONG NKRUMAH, MINISTER FOR INFORMATION

Below is a graphical representation of the country’s export journey since 2008.

 He said “There has been an agenda to engineer food security for the republic of Ghana using a number of instruments including planting for food and jobs.”

“The data now suggests we have successfully consolidated the efforts at food security, particularly of our staples and now our export numbers are looking encouraging.”

Source - All Agricgh

2 thoughts on “Agricultural export earnings to grow about 8X in the next decade

  1. Quite encouraging.
    But I believe we can do even better than “8X”.
    There is MASSIVE work to be done in Ghana’s agricultural sector

  2. I believed this findings are to be communicated by Experts and researchers in the agriculture field not this stomach and greedy politicians

Leave a Reply

Your email address will not be published.