WEF_GrowAfrica_AnnualReport2014

2013 in Review 2013 in Review
THE LONG VIEW
Steady agricultural growth helps
Ghana reach middle-income status
Agricultural GDP Growth Rates
20
Ag GDP Growth
CAADP Target
15
Agriculture makes up 22.7% of Ghana’s economy
and – with the exception of 2006-07 – has maintained
growth over the past 15 years, frequently surpassing
the 6% CAADP growth target. Roughly half of the
rural population is directly engaged in agriculture as
an economic activity, with a slight majority of that
agricultural labour force composed of men. Ghana’s
agricultural sector currently produces cassava,
yams, cocoa and maize in significant quantities. The
country is the 2nd largest source in the global cocoa
value chain and accounts for 18% of global cocoa
production. and produces 12% of Africa’s annual yam
production. Up until the financial crisis of 2008-09,
Ghana had been increasing agricultural expenditure
as a percentage of its annual budget and had met its
CAADP expenditure target. Since the crisis, however,
agricultural expenditure has dipped slightly to 9.1% of
public spending.
CAADP TARGETS
Ghana is classed as a highly-competitive business
environment, ranking 67th globally and 5th out of 47
in sub-Saharan Africa for ease of doing business. It
is particularly well-ranked with respect to facility of
obtaining credit, contract enforcement and protecting
investors. Ghana is also one of the most attractive
environments on the continent for digital agribusiness
services, with 27.7 million mobile GSM connections
(more than 1 per person), 26% of which are 3G data
connections.
For Ghana’s 26.4 million people, extreme poverty has
declined from over 50% in the early 90s to 28.1% in
2011, and the country has achieved lower middleincome
status. Malnutrition is now relatively low
compared to other sub-Saharan countries at 14.3%
of the population. Ghana’s steady agricultural growth
makes an important contribution towards achieving the
Millennium Development Goals, especially for the 12.2
million people living in rural areas.
10
5
0
-5
-10
-15
-20
1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007
Source: ReSAKKS 2014 - www.resakss.org
SNAPSHOT OF AGRICULTURAL ECONOMY
Rural Population
Total population:
26,442,000
2009 2011
Population Economically Active in Agriculture
Total:
6,637,000
14.3% 28.1%
Child malnutrition:
% of children under 5 underweight
(World Development Indicators, 2008)
Poverty:
% living below $1.25/day
(IFPRI Harvest Choice, 2011)
Rural population:
12,203,000
45.2% 54.8%
Public agriculture expenditure share in total public expenditure 1990 - 2010
Source:
FAO-STAT 2014 - http://faostat.fao.org/
Source:
FAO-STAT 2014 - http://faostat.fao.org/
12
10
Ghana
CAADP Target
Ease of Doing Business - Rank of 189 Countries
Overall 67
Starting a Business 128
Top 10 Crops by Production (tonnes)
14,547,279 Cassava
6,638,867 Yams
8
Getting Credit 28
1,949,897 Maize
6
4
Protecting Investors 34
Trading Across Borders 109
Enforcing Contracts 43
879,34 Cocoa
481,134 Rice
475,056 Groundnuts
2
EASY 50 100
150
HARD
279,983 Sorghum
179,684 Millet
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: ReSAKKS 2014 - www.resakss.org
2010
Source:
World Bank 2014 - http://www.doingbusiness.org/
148,000 Sugarcane
135,000 Sweet Potatoes
Source:
FAO-STAT 2014 -
http://faostat.fao.org/
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Ghana
Ghana
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