Forecast: Freshwater Fish Market Size Volume in Ghana

The freshwater fish market in Ghana exhibited a fluctuating trend from 2014 to 2023, with the 2023 market volume standing at 158.79 thousand metric tons. While there were notable year-on-year variations such as a 13.01% growth in 2015 and a major decline of 16.2% in 2020 due to pandemic impacts, the market rebounded with a substantial 15.53% increase in 2021 and continued to grow steadily. The compound annual growth rate (CAGR) over the past five years was 0.98%, reflecting an average yearly growth. Looking ahead, the market is forecasted to grow at a CAGR of 0.72% from 2024 to 2028, reaching 165.6 thousand metric tons by 2028, indicating a cumulative growth of 3.66% over this period.

Future trends to watch for include:

  • Improvements in aquaculture techniques and technology, which can boost productivity and sustainability.

  • Policy changes and government initiatives aimed at supporting the local fishing industry.

  • Climate change impacts on freshwater ecosystems, potentially affecting fish populations.

  • Economic recovery post-pandemic, which may drive demand for fish and other protein sources.

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