Forecast: Renewable Energy Supply in Ghana

In Ghana, the total primary energy supply from renewable sources has shown a declining trend from 2013 to 2023. In 2023, the value stood at 37.2 units, which represents a -3.4% year-on-year decrease. Over the past five years, the compound annual growth rate (CAGR) was -3.5%, indicating a consistent downward trend. Going forward, from 2024 to 2028, the forecasted data predicts further decreases, with a forecasted five-year CAGR of -3.05% and an expected total decline of 14.35% by the end of this period.

Future trends to watch for:

- Innovations in renewable energy technology which may boost efficiency.

- Government policies and incentives aimed at increasing renewable energy investments.

- Infrastructure developments and private sector involvement in renewable energy projects.

- Global and regional partnerships focused on sustainable energy development in Ghana.