Forecast: Share in Total Domestic Material Consumption of Biomass in Ghana

The share of biomass in Ghana's total domestic material consumption stood at 41.12% in 2023. Analyzing the trend over the last two years reveals a year-on-year decrease of 1.18% in 2022 and 2023. Over the last five years, the compound annual growth rate (CAGR) has been consistently negative at -1%, with an overall decrease of 4.91% between 2018 and 2023. This indicates a steady decline in biomass consumption as a percentage of total domestic material consumption over recent years.

Future trends to watch for:

- Continued advancement in industrial sectors could further decrease biomass reliance.

- Shifts towards alternative renewable energy sources might accelerate the reduction.

- Government policies and international environmental agreements could influence the pace of change in biomass consumption patterns.