Around 47% of people in Ghana live in rural areas (2014), with 38% of the rural population living in poverty (2012). Commercial agriculture is in a nascent state, especially in the north of the country and for small agricultural commodity businesses, especially grain farmers, access to affordable finance is almost non-existent and threatens food security. A lack of clear land rights and complex red tape is impeding enterprise and the identification of pipeline projects.
In 2010, AgDevCo was invited by the Government of Ghana to assist in developing commercial agricultural projects. Our investment approach is focused across a diversified portfolio of businesses within the Ghanaian agriculture sector, with the aim of supporting both emergent and smallholder farmers.
Sources: World Bank, FAOSTAT, Global Food Security Index