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Ghana’s agrifood system structure and drivers of transformation

Ghana’s agrifood system structure and drivers of transformation
Author: Pauw, Karl
Publisher: Intl Food Policy Res Inst
Total Pages: 14
Release: 2023-07-14
Genre: Political Science
ISBN:

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Ghana 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.


Democratic Republic of Congo’s agrifood system structure and drivers of transformation

Democratic Republic of Congo’s agrifood system structure and drivers of transformation
Author: Diao, Xinshen
Publisher: Intl Food Policy Res Inst
Total Pages: 14
Release: 2023-07-14
Genre: Political Science
ISBN:

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Agriculture in the Democratic Republic of Congo (DRC) is dominated by subsistence farming. Households grow food mainly for their own consumption and sell only when they have a surplus. The main crops are cassava, maize, yams, plantains, and rice (FAO 2019). Commercial farming of cash crops such as coffee, palm oil, rubber, and sugar is done on a smaller scale. With constant political instability, infrastructure deficiencies, and lack of investment in DRC, the expansion and productivity of commercial farming have been constrained (World Bank 2020). Livestock and fisheries are also important agrifood subsectors and face constraints similar to the crop subsectors. Despite these challenges, DRC possesses robust agricultural potential due to its vast arable land resources, abundant water resources, and its diverse climatic conditions, which are suitable for a wide variety of crops. There is also potential for further development of the fisheries sector due to the country’s extensive river system and large lakes. In this brief, we look beyond primary agriculture to understand the recent performance of DRC’s broader agrifood system (AFS) and how it is contributing to growth and transformation in the country.


Ghana's Economic and Agricultural Transformation

Ghana's Economic and Agricultural Transformation
Author: Xinshen Diao
Publisher: Oxford University Press
Total Pages: 310
Release: 2019
Genre: Business & Economics
ISBN: 0198845340

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Using Ghana as a case study, this work integrates economic and political analysis to explore the challenges and opportunities of Africa's growth and transformation.


Identifying priority value chains in Ghana

Identifying priority value chains in Ghana
Author: Hartley, Faaiqa
Publisher: Intl Food Policy Res Inst
Total Pages: 16
Release: 2018-02-17
Genre: Political Science
ISBN:

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This working paper identifies agricultural activities and value chains in Ghana whose expansion is most effective at generating economic growth, reducing national and rural poverty, creating jobs, and improving nutrition by diversifying diets. The Rural Investment and Policy Analysis (RIAPA) model of the Ghanaian economy is used to estimate how increasing production in different agricultural sectors leads to changes in national and household outcomes.1 RIAPA captures linkages between sectors and rural-urban economies, as well as changes throughout the agriculture-food system (AFS).


Ghana's Economic and Agricultural Transformation

Ghana's Economic and Agricultural Transformation
Author: Peter Hazell
Publisher:
Total Pages:
Release: 2019
Genre:
ISBN:

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Many African countries have experienced unprecedented rates of economic growth in recent years, yet their economic transformations display features that could constrain their future growth prospects. Particularly troublesome have been patterns of urbanization without industrialization, rapid growth of low-productivity jobs in the informal economy, and a neglected agricultural sector with increased need for imported foods. Using Ghana as a case study, this book explores the challenges and opportunities of these patterns of transformation. By combining a historical and political perspective with in-depth empirical analysis of the performance of the broader economy and the agricultural sector since the economic reforms of the 1980s, the book considers viable policy options for Ghana and discusses the implications for other African countries.


A New Era of Transformation in Ghana

A New Era of Transformation in Ghana
Author: Clemens Breisinger
Publisher: Intl Food Policy Res Inst
Total Pages: 162
Release: 2011-01-01
Genre: Social Science
ISBN: 0896297888

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Several Sub-Saharan African nations have experienced increased economic growth and political stability in recent years compared with the stagnation and turmoil of previous decades. Ghana is one of the biggest success stories of the region; the nation has enjoyed an annual average of five percent economic growth for the past 20 years and will probably be the first Sub-Saharan African country to achieve the Millennium Development Goal of cutting poverty in half by 2015.This study examines how Ghana can build on its achievements and possibly serve as a model for other African countries. By drawing on existing literature and applying a highly disaggregated dynamic general equilibrium model to Ghana's experiences, the authors identify certain necessary factors for further economic development in the country. These requirements include continued political stability, growth in manufacturing, improved domestic services such as transportation, and agricultural development that goes beyond past reliance on cash crops such as cocoa to include major staples and livestock. This kind of broad-based growth will benefit the entire economy, thereby reducing poverty. The authors' analysis provides an economic development strategy for Ghana, and possibly other countries in the region, to policymakers, development specialists, and others concerned with Sub-Saharan Africa.


What's Cooking

What's Cooking
Author: Kateryna Schroeder
Publisher: World Bank Publications
Total Pages: 185
Release: 2021-04-15
Genre: Business & Economics
ISBN: 1464816581

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The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the current revolution is being sparked at multiple points along the agrifood value chain. The change is driven by the ability to collect, use, and analyze massive amounts of machine-readable data about practically every aspect of the value chain, and by the emergence of digital platforms disrupting existing business models. All this allows for drastically reduced transaction costs and pervasive information asymmetries that plague the agrifood system. The success of the digital transformation, however, is not guaranteed as the risks it brings are numerous, including those related to data governance and inadequate competition within and between digital platforms. What’s Cooking: Digital Transformation of the Agrifood System investigates how digital technologies can accelerate the transformation of the agrifood system by increasing efficiency on the farm; improving farmers’ access to output, input, and financial markets; strengthening quality control and traceability; and improving the design and delivery of agriculture policies. It also identifies a key role for the public sector in maximizing the benefits of this process while minimizing its risks, through enabling an innovation ecosystem featuring open datasets, digital platforms, digital entrepreneurship, digital payment systems, and digital skills and encouraging equitable technology adoption.