The increasing presence of supermarket chains, growing middle class, the booming hospitality industry (Accra, Kumasi, Takoradi, Cape Coast, Akosombo and Tamale) and increasing expatriate community due to the booming oil industry provide the impetus for horticultural market growth was identified in the market study on the “Potential for local and regional markets for Ghanaian horticultural crops” by Agri-Impact Consult & ASNAPP (2013). The study estimated the market size for fruits and vegetables in Accra alone at about $402m per annum ($123m fruit juice; $164m fruit vegetables; $114m fresh fruits).
Youth in Greenhouse Enterprise Project (YuGEP)
The Ghana EXIM Bank has initiated the Youth Greenhouse Enterprise Project (YuGEP) to promote investment in Greenhouse vegetable production. Specifically, the project aims to: Reduce persistent importation of vegetables, Increase production and yields of vegetables output in Ghana,Create viable jobs for the youth in urban and peri-urban in Ghana through sustainable agricultural ventures, Stimulate medium-scale agro-processing of vegetable, Make agribusiness attractive to the youth, especially Tertiary Graduates
YuGEP, a two-year project (2019 – 2020), involves the construction of 100 greenhouses in six regions including Ashanti, Greater Accra, Volta, Central, Western and Eastern.
The project will provide technical and financial assistance to 100 tertiary graduate entrepreneurs aged between 20 and 35 to own and manage their own greenhouses. Each beneficiary will be given one greenhouse structure covering a total of 640sqm; a packing shed for cleaning, sorting, grading and packing; growing medium and certified seeds; irrigation facility and small farm tool or equipment. Beneficiaries are expected to payback the credit facility that was provided through the installation of the Greenhouses over a period.