Minister of Finance-designate, Dr. Mohammed Amin Adam, has revealed that Ghana’s agriculture sector grew by 4.5 percent in 2023.
In an interaction with the press today, he further disclosed that the livestock, crops, and fishing subsectors experienced growth rates of 6.5 percent, 4.8 percent, and 4.1 percent, 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, signalling a rebound.”
The United Kingdom (UK) government has expressed its readiness to offer expertise and investment to support the growth of Ghana’s agriculture sector.
According to the authority, the agric sector remains an important contributor to Ghana’s economic growth, therefore, the expertise needed to boost the sector was important.