Ghana’s Agriculture Sector Experienced A Growth Of 4.5% In 2023 – Finance Minister

The Minister of Finance, Dr. Mohammed Amin Adam, has revealed that Ghana’s agriculture sector grew by 4.5 percent in the year 2023.

During the ‘2024 1st Monthly Media Briefing on the Economy’, the minister further stated that the livestock, crops, and fishing subsectors experienced growth rates of 6.5%, 4.8%, and 4.1% respectively.

“Agriculture sector which expanded by 4.5% supported by expansion in the Livestock subsector (6.5%), Crops subsector (4.8%) and Fishing subsector (4.1%); and Industry sector which rather contracted by 1.2% in 2023 driven mainly by negative growth recorded in the Electricity (10.9%) and Construction (9.9%) subsectors. The contraction in the industry sector occurred in the first three quarters of 2023. The 4th Quarter, however, showed a recovery of 1.6% growth, signaling a rebound.”

Ghana’s agriculture sector had been experiencing negative growth in previous years until 2023.