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.