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Ghana

Welcome to the price transmission page for Ghana. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Ghana

Historic Warnings per Commodity

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Background information

During the last 25 years Ghana strengthened its economy by implementing reforms leading to improvement of management, fostering the competitive business environment and reducing poverty levels. Under a macroeconomic perspective Ghana performs relatively well, given an unemployment rate of about 5% and an average GDP growth of about 5% over the last three years. However, the consequences of a loose fiscal policy and resulting budget deficits are increasingly putting pressure on the economic performance.

The agricultural sector employs roughly more than half of the labor force and contributes to approximately one-quarter of GDP. Mainly small-scaler farmers utilize nearly two-thirds of the total land to grow crops such as are cocoa, rice, cassava, peanuts, corn, shea nuts and bananas. In order to meet the internal demand, about only one-quarter of the total cereal domestic consumption is imported.

As summarized by a score of 0.579 on the HDI (2014) the African country exhibits a middle level of human development, where malnutrition and poverty are still relevant. In fact one child out of four is stunted and almost one-third of the population is falling under the extreme poverty line. Government of Ghana takes part at a project coordinated by the WFP which aims at implementing a development program focused on food security, nutrition, education, and climate change mitigation and adaptation. A recovery operation for Ivorian refugees is also underway.