The Agriculture Investment Guide has been developed in alignment with the Food and Agriculture Sector Development Policy (FASDEP II). The Guide has been developed with strong emphasis on attracting accelerated investment into the sector to increase productivity, growth and transformation and to create jobs, increase incomes, and ensure food security over the medium to long term.
Agriculture has been the principal sector for the development and growth of Ghana’s economy over the years. The contribution of agriculture to GDP in the five-year period spanning 2010 to 2015 has declined from 29.8% to 20.3%. It still remains a major contributor to the economy, providing employment to 44.7% of the total workforce (GLSS6, 2014). For instance, FDI inflows between 2008 and 2016 into agriculture sector recorded was US$1.3 billion (GIPC, 2016).
The small-scale aquaculture sector in Ghana comprise about 2,200 farmers, each producing less than 50mt of fish per annum. Production for 2018 from small-scale farmers was 11,069mt against a total aquaculture production of 76,620mt. The sector is private sector-led and has the potential to contribute significantly to fish food and nutritional security, employment generation, increased incomes, economic growth and poverty reduction.
As the nation, through the Ministry of Fisheries and Aquaculture Development (MoFAD) puts in policies and strategies to avert the declining stocks in the capture fisheries, the theme for this year’s National Farmers’ Day celebration, ‘enhancing small-scale agriculture towards agribusiness develpment’ could not have come at a better time than now. It is a clarion call to increase the nation’s annual fish output by revitalizing the small-scale farming in order to establish a strong base for a sustained and accelerated growth of the aquaculture subsector.