Agribusiness developments inGhana:Japan-Ghana partnerships opportunities
GIPC Japan Investment Seminar
Daniel Asare-Kyei, PhD
July 2021

Esoko 2021 | Private & Confidential

Africa’s population boom, a challenge and anopportunity•••

Esoko 2021 | Private & Confidential

Currently 70% of Africa’s population areengaged in Agriculture
Many of whom are smallholder farmers
cultivating less than 2 hectares
These smallholders produce 80% of foodconsumption•Africa’s food market is now estimated at$300B, projected to rise to $1trillion by2030•Demand for food is expected to double by2050•

At the same time, Africa’s food import billranges between $30B to $50B per annum•

Ghana’s population is projected to growto between 52M to 65M by 2050
according to GSS

That means, in just 29 growing seasons, Ghana’s 4 million small farms
must learn to feed about 30M more people while facing:

Increased Weather Variability/
Climate Changes rendering
traditional practices
ineffective and increasing
risk in farming

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Information Gap lack of adequate
data across the value chain making it
non attractive to financial
institutions, the youth and investors

Lack of Field-Level insight to prevent
risk and improve production

Demographic shift; Rapid changes infarm populations, shits fromagriculture to services & industry
sectors and rural-urban migration

Ghana Agriculture overview
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Esoko 2021 | Private & Confidential

Areas of significant investment opportunities for Ghana &Japan partnerships

Esoko 2021 | Private & ConfidentialOpportunities abound in both the input and output segments

Credit disbursement
especially throughdigital channels

Value addition andprocessing

Cold chain storage, transportand associated logistics

Underpin by digital technologies powered by Agritech & Fintech companies

Esoko 2021 | Private & Confidential

Commodity value chains presents the best low hanging fruits…
Ghana spends about US$2 billion each year
on food imports. About US$1billion of thisamount is spent on importing the critical 4(rice, poultry, wheat, sugar)

Rice. >700kMT/annum imports
per annum valued at $400M and60% of rice consumed in Ghana.
Esoko 2021 | Private & Confidential• Poultry; $100M
imports per year•••••

Sugar. All refined sugar needs
imported valued at $160M/year
Annual consumption is
projected to rise from 250kMT in2019 to 550KMT by 2030

Supply chain digitization. Driving paperless and cashless transactions
within agricultural value chains… one major positive change that this pandemic could
lead to is a major push towards paperless and cashless transactions in Ghana’s agric sector.
Track Field Transactions – Pickups & Deliveries
Allows all off-takers to convert from paper
records by building smartphone forms to
track field, crop, household data in bothonline & offline

Off-takers can track data from the field easily &instantly•••••

Esoko 2021 | Private & Confidential

Off-takers can choosedelivery or pickup
Add multiple products &quantity
Confirm with GPS
coordinates
View data in real-time
via web analytic
dashboards
Provide an SMS
confirmation

Opportunities in digitizing input services and SME operations
Agriculture & rural supply chains

Inputs manufacturing, distribution and last mile fulfilment tofarming communities

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Potential ofdigitizing payments
in West Africa
agricultural sector

Source: GSMA 2020: Digitizing payments in agricultural value chains: The revenue opportunity to 2025
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Critical enablers that ismaking this possible…

• Ghana has emerged as one of themost robust and developed startup
ecosystems on the continent,following Egypt, Kenya, Nigeria andSouth Africa – as the major hubs on
the continent (VC4A Research)• This has been possible through:• significant consumer andbusiness markets• sophisticated entrepreneurial
talent• strong corporate sector• Highly educated young people• General macroeconomic andpolitical stability

Esoko 2021 | Private & Confidential

Agribusiness is emerging………..We are notthe only ones who believe Agribusiness isthe key to unlock Africa’s latent potential• Global business forum,Africa – Dubai Expo 2020:
Dubai chamber of commerce &industry and the Economist
Group

Esoko 2021 | Private & Confidential

Critical enablers…..
• Global business forum, Africa – Dubai
Expo 2020: Dubai chamber ofcommerce & industry and theEconomist Group

Esoko 2021 | Private & Confidential

About Esoko… a pioneering agritech
company based in Ghana• 3 offices• 5,423 jobs created, both part time and full time.
• 20 countries
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60 employees in Accra
Deployed 20 Countries
Private Business
Founded in 2008
833 markets
4 languages

Featured in

Esoko 2021 | Private & Confidential

Esoko is Africa’s leading
community management
platform. We provide
technical services, deployment
support and digital service
delivery to rural communities.
Our award winning platform isused throughout the continent
with a wide range of private
and public partners.

And won many awards

info@esoko.com
www.esoko.com
Esoko 2021 | Private & Confidential+233 302 211611