Forecast: Coffee Production in Ghana

The coffee production in Ghana has shown a significant declining trend from 2013 to 2023. Starting from a high of 35.66 thousand units in 2015, production plummeted steadily, reaching 7.68 thousand units in 2023. This represents a year-on-year decline of 15.94% for 2023. The compound annual growth rate (CAGR) over the five-year span from 2018 to 2023 was -12.45%, reflecting consistent declines each year.

The projected values for the coming years continue this downward trajectory, with an extreme forecast for 2028 indicating nearly non-existent production at 0.074 thousand units. The forecasted five-year CAGR is -58.62%, and the forecasted five-year growth rate suggests a near-total collapse at -98.79%.

Future trends to watch:

• Environmental and climate changes impacting coffee yields
• Shifts in agricultural policies and investments in coffee production
• Potential innovations in farming techniques or crop development
• Market demands and global economic factors influencing coffee prices