Key Market Indicators
Ghanaian vehicle registration is projected to decline to approximately 4,600 units by 2028, down from an estimated 5,400 units in 2023. This represents an average annual decrease of 2.5%. Since 2010, Ghana's vehicle market has experienced a consistent downturn, averaging a 5.2% drop year on year. In 2023, Ghana ranked 103rd globally in vehicle registration figures. Senegal edged ahead of Ghana with around 5,400 units registered. Notably, Canada, China, and Austria secured the second, third, and fourth positions respectively in the global rankings for vehicle registration.