Ghana’s agrifood system structure and drivers of transformation

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cg.contributor.affiliationInternational Food Policy Research Instituteen
cg.contributor.donorUnited States Agency for International Developmenten
cg.contributor.donorCGIAR Trust Funden
cg.contributor.initiativeForesight
cg.contributor.initiativeNational Policies and Strategies
cg.coverage.countryGhana
cg.coverage.iso3166-alpha2GH
cg.coverage.regionWestern Africa
cg.coverage.regionSub-Saharan Africa
cg.coverage.regionAfrica
cg.creator.identifierKarl Pauw: 0000-0002-5104-173X
cg.creator.identifierJosee Randriamamonjy: 0000-0002-5810-254X
cg.creator.identifierJames Thurlow: 0000-0003-3414-374X
cg.creator.identifierXinshen Diao: 0000-0003-4843-1670
cg.creator.identifierMia Ellis: 0000-0003-2589-4672
cg.howPublishedGrey Literatureen
cg.identifier.doihttps://doi.org/10.2499/p15738coll2.136788en
cg.identifier.projectIFPRI - Development Strategies and Governance Unit
cg.identifier.projectIFPRI - Foresight and Policy Modeling Unit
cg.identifier.projectIFPRI - Innovation Policy and Scaling Unit
cg.identifier.projectIFPRI - Systems Transformation - Transformation Strategies
cg.identifier.projectIFPRI - Agrifood System Diagnostics
cg.identifier.publicationRankNot ranked
cg.number5en
cg.placeWashington, DCen
cg.reviewStatusInternal Reviewen
cg.subject.actionAreaSystems Transformation
dc.contributor.authorDiao, Xinshenen
dc.contributor.authorEllis, Miaen
dc.contributor.authorPauw, Karlen
dc.contributor.authorRandriamamonjy, Joseeen
dc.contributor.authorThurlow, Jamesen
dc.date.accessioned2023-08-08T09:32:53Zen
dc.date.available2023-08-08T09:32:53Zen
dc.identifier.urihttps://hdl.handle.net/10568/131424
dc.titleGhana’s agrifood system structure and drivers of transformationen
dcterms.abstractGhana experienced rapid economic growth with an annual GDP growth rate of 6.6 percent between 2009 and 2019 (GSS 2023). Restrictive COVID-19 policy measures in 2020 caused a slowdown in growth (Amewu et al. 2020), with the rate falling to just 0.5 percent in that year (World Bank 2023a). Economic growth rebounded to 5.4 percent in 2021, but this growth was fueled by excessive government borrowing to finance an ambitious public infrastructure campaign and ushered in a severe financial crisis in Ghana. By 2022, the fiscal deficit had reached almost 10 percent of GDP and the total debt-to-GDP ratio had skyrocketed to 90 percent, resulting in rampant inflation (32 percent year-on year), a doubling of interest rates (from 14 to 28 percent), and a sharp currency depreciation (40 percent) (World Bank 2023b; Naadi 2023). Economic growth slowed to 3.2 percent in 2022 and is projected to decline further to 1.6 percent in 2023 (World Bank 2023a). Although President Akuffo-Addo blamed “malevolent forces” (Financial Times 2023)—including the global commodity market shock caused by Russia’s invasion of Ukraine, which by some accounts had only a minimal effect on Ghana’s economy (Arndt et al. 2023; Diao and Thurlow 2023)—the economic situation eventually forced the government to agree to an IMF bailout of US$3 billion in 2023. This will be in force for three years.en
dcterms.accessRightsOpen Access
dcterms.available2023
dcterms.bibliographicCitationDiao, Xinshen; Ellis, Mia; Pauw, Karl; Randriamamonjy, Josee; and Thurlow, James. 2023. Ghana’s agrifood system structure and drivers of transformation. Agrifood System Diagnostics Country Series 5. https://doi.org/10.2499/p15738coll2.136788.en
dcterms.extent7 pagesen
dcterms.isPartOfAgrifood System Diagnostics Country Seriesen
dcterms.issued2023-07-07
dcterms.languageen
dcterms.licenseCC-BY-4.0
dcterms.publisherInternational Food Policy Research Instituteen
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll2/id/136788en
dcterms.subjectagrifood systemsen
dcterms.subjectvalue chainsen
dcterms.subjectmarketsen
dcterms.subjectagricultureen
dcterms.subjectlabour productivityen
dcterms.subjectoff-farm employmenten
dcterms.subjectpovertyen
dcterms.subjectdiet qualityen
dcterms.subjectjobsen
dcterms.subjectdevelopmenten
dcterms.subjectgross national producten
dcterms.subjecthorticultureen
dcterms.subjectmaizeen
dcterms.subjectriceen
dcterms.typeBrief

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