5th GDB Growth in Africa

GDP Growth in Africa

23% Agriculture Accounting for GDP

Agriculture Accounting for GDP

42% Population Employed in Agriculture

Population Employed in Agriculture

Ghana sits on the Atlantic Ocean and borders Togo, Cote d'Ivoire, and Burkina Faso. Its population is just over 30 million. It has taken significant strides toward democracy under a multi-party system in the past two decades, with its independent judiciary winning public trust. Ghana consistently ranks in the top three countries in Africa for freedom of speech and press freedom.

Agriculture accounts for 23% of Ghana's GDP and currently ranks 5th in GDP across the continent of Africa. The agriculture sector employs about 42 percent of the total labor force. Ghana's rising agricultural productivity significantly contributes to higher agricultural wages and poverty reduction. Continued growth in the agricultural sector will be a catalyst for future poverty reduction.

Post-COVID-19 Ghana's economy is projected to recover gradually over the medium term, thanks to commodity price growth and strong domestic demand. Growth is expected to average 5.1 percent yearly in 2022-23. After declining by 1.7 percent in 2020, real per capita GDP is projected to return to its pre-COVID-19 level in 2022.