According to Ivorian government sources, in 2022/23, the country will achieve growth of around 6.7%. They indicate that « this improvement is mainly due to agriculture ». The Ivorian government’s assertions are based on the outlook of the African Development Bank (AfDB).
During a recent communication on the country’s economic growth, the Ivorian authorities also drew up an assessment of several major agricultural sectors in 2022. The cashew sector has recorded « strong progress with production doubling from 400,000 tonnes (t) in 2011 to 1 million tonnes (Mt) in 2022 ». However, during the same year, according to the Ivorian government, ‘exports have fallen to 719,900 tonnes of raw nuts in 2022, compared to 805,748 tonnes in 2021’. « The sector’s turnover exceeds 600 billion CFA francs per year, with an annual income of more than 300 billion CFA francs for the 400,000 Ivorian producers, » the national authorities state.
With an estimated production of 950,000 t in 2020 and CFAF 850 billion in revenue in 2021, the cotton sector is a source of satisfaction
Concerning the 2022/23 cotton season, they recall ‘the increase of 10 FCFA per kilo of first choice seed cotton to 310 FCFA, with a production of 570,425 t for the 2022/23 season’. The State had to intervene again by granting a subsidy of 28.4 billion FCFA to producers ‘to contain the impact of the rise in input prices’.
One of the points of satisfaction in 2022 remains the rubber sector, whose performance gives hope. Indeed, the country has achieved an estimated production of 950,000 t in 2020. This will have brought in about 850 billion CFA francs by 2021.
Continuing the tour of agricultural sectors, the government informed that « coffee production jumped by 52.6% in volume over the 2022 calendar year, to 95,000 t against 62,000 t in 2021 ». This means that the cumulative gross income received by coffee farmers in 2022 is estimated at CFAF 66.50 billion, for an average guaranteed field price of CFAF 701 per kilo for the 2021/22 season, an increase of 82.7%.
The cumulative gross income received by cocoa producers is CFAF 2,038 billion in 2021/22, an increase of 7.29%
As for cocoa, from 1 January to 31 December 2022, production will be 2.4 Mt compared to 2.2 Mt in 2021, an increase of 5.85%. The Ivorian government reports that ‘the cumulative gross income received by producers is estimated at CFAF 2,038 billion, for an average guaranteed field price of CFAF 852 per kilo for the 2021/22 season, an increase of 7.29%’.
As a reminder, according to official figures, investments in the agricultural sector in 2022 will amount to CFAF 35 billion, while, over the same period, the government’s levies on the agricultural sectors will be CFAF 22.35 billion. These investments mainly concern the purchase of bush bags for the collection of coffee and cocoa and activities to support the sustainable development of cocoa and coffee farming. Finally, the government reveals that « during the Covid-19 crisis, nearly 300 billion CFA francs were mobilised to support the agricultural sector ».
The economic dynamics of Côte d’Ivoire are due to the implementation of its national development plan
According to an article published in 2021 on the specialised website www.marchedestitrespublics.com, and entitled « Côte d’Ivoire: one of the strongest growths in sub-Saharan Africa », this country maintained a good economic dynamic in 2019. It recorded a real GDP growth of 6.9% for the year 2019. A performance that makes it, the first economy of the WAEMU. « Moreover, according to the International Monetary Fund (IMF), the Ivorian economy remains one of the most dynamic economies in Sub-Saharan Africa where the average growth rate came out at 3.7% in 2019. » However, in 2020, the country experienced a slowdown in growth, which was initially projected at 3.6%, due to the COVID-19 health crisis.
« This dynamic economic growth of Côte d’Ivoire is maintained by the implementation of structural reforms of the national development plan aimed at making Côte d’Ivoire an emerging economy, » the IMF concluded.
