Report Published: "Ghana Agribusiness Report Q2 2015"

We believe that the Ghanaian cocoa sector will post reasonably strong growth over our forecast period to 2018/19. High cocoa prices will encourage production, while the government has pledged schemes in order to encourage yield growth. Stabilisation of the cedi and the announcement of a higher support price will also aid the sector. The launch of a new government project to revitalise the poultry sector suggests that the challenges facing the segment as it struggles to compete with imports are being taken seriously and, although firm proposals are thin on the ground, we remain optimistic about the industry's future. One of the main constraints on growth will be high feed prices, giving added urgency to programs aimed at increasing corn yields. We expect production levels to climb very gradually in the grains segment, and concerns exist in the near future regarding food price inflation.

Full Report Details at
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Key BMI Forecasts

* Cocoa production growth 2013/14 to 2018/19: 13.3% to 1.04mn tonnes. While much of this growth will be due to base effects, the government has committed to supplying free inputs and improving infrastructure, while Cocobod has reformed its cocoa payment price.
* Corn production growth to 2018/19: 1.9% to 1.9mn tonnes. Ghanaian corn yields remain low in relative terms, with production still dominated by smallholders making limited use of fertilisers, mechanisation, improved seeds and post-harvest facilities. We do not expect outstanding growth over our forecast period.
* 2015 real GDP growth: 6.4% (up from an estimated 4.7% in 2014).
* 2015 consumer price inflation (ave): 14.6 % (down from 15.7% in 2014).
* BMI Universe Agribusiness Market Value to grow by 0.3% to USD12.3bn in 2015. Expected to grow by an average of 4.7% per year to USD13.8bn from 2013/14 to 2018/19.

Industry Developments

We estimate Ghanaian corn production to have come in at 1.80mn tonnes for...

The Ghana Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's Ghana Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

* Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
* Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
* Assess the activities and market position of your competitors, partners and clients.

Coverage

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