Forecast: Freshwater Fish Demand in Ghana

The demand for freshwater fish in Ghana has seen moderate fluctuations over the past decade, reaching 158.79 thousand metric tons in 2023. Despite a significant dip in 2020 (-16.2%), the market quickly rebounded with a year-on-year increase of 15.53% in 2021 and continued gradual growth, culminating in an average annual growth rate (CAGR) of 0.98% over the last five years. Looking forward, the demand is projected to grow at a slower CAGR of 0.72% from 2024 to 2028, with a cumulative growth rate of 3.66% over this period.

Future trends to monitor:

  • Changes in consumer preferences due to economic and demographic shifts.
  • Impact of potential policy changes on the fishing industry and trade regulations.
  • Technological advancements in aquaculture to enhance supply.

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