|
Cannabis Campaigners' Guide News Database result:
|
|
Ghana Cannabis Industry Could Generate One Billion Dollars Annually
News Ghana Saturday 20 Dec 2025 Mark Darko, CEO of the Chamber of Cannabis Industry Ghana, highlighted earlier this year that the country could tap into the global $50 billion cannabis market. He explained that a single hectare of cannabis could yield $10,000 for farmers, demonstrating significant potential at the grassroots level. According to Darko, “Cannabis will reset Ghana’s economy.” He emphasized that farmers can make not less than $10,000 from just one hectare of cultivation, pointing to the transformative economic impact the industry could deliver if properly developed. Under Ghana’s Legislative Instrument 2470 and the Narcotics Control Commission Bill, cultivation is permitted for medicinal purposes, cannabidiol products, and industrial hemp. This dual purpose approach allows farmers to produce cannabis for pharmaceutical and wellness markets while developing industrial products such as textiles, construction materials and biofuels. The medicinal cannabis market globally is projected to reach $21 billion by 2025, while industrial hemp continues seeing rising demand across Europe and Asia. Industry experts say Ghana’s climate, regulatory framework and emerging training programs, including the CannaCham Training Center in Accra, position the country to compete effectively in these markets. Industry analysts note that the sector’s value extends beyond farm gate revenue. With processing, extraction, manufacturing and export capabilities, cannabis could create thousands of jobs, particularly in rural communities, while generating foreign exchange. These developments could make Ghana a regional hub for medicinal and industrial cannabis production. The strategy could diversify Ghana’s cash crops and open new revenue streams at a time when the country seeks to reduce reliance on traditional agricultural exports. Cannabis offers opportunities across multiple value chains from cultivation through processing to finished products for domestic and international markets. However, experts caution that success depends on regulatory compliance, quality standards and capacity building. Farmers must follow best practices, and investment in processing facilities is essential to meet international market requirements. Without proper infrastructure and adherence to global quality standards, Ghana risks missing out on premium export opportunities. If implemented effectively, the cannabis industry could stimulate industrial development, job creation and export growth, helping diversify Ghana’s economy. The sector represents a significant departure from traditional agricultural models by combining high value medicinal applications with industrial uses that can support manufacturing and construction sectors. CannaCham has been working to build industry capacity through training programs and advocacy for supportive policies. The organization emphasizes that establishing Ghana as a credible player in global cannabis markets requires coordinated efforts between government, regulators, farmers and processors to maintain quality and compliance standards. The cannabis opportunity comes as Ghana explores new revenue sources to support economic development and reduce fiscal pressures. With proper investment and regulatory oversight, industry proponents believe cannabis could become a major contributor to national income while providing sustainable livelihoods for thousands of Ghanaian farmers and workers. https://www.newsghana.com.gh/ghana-cannabis-industry-could-generate-one-billion-dollars-annually/
After you have finished reading this article you can click here to go back.
|
This page was created by the Cannabis Campaigners' Guide.
Feel free to link to this page!