Ghana's pelagic fish production has seen notable fluctuations from 2014 to 2023, with values climbing from 148.96 thousand metric tons in 2014 to 267.68 thousand metric tons in 2023. The production rose significantly in 2015, with a 17.82% increase, and witnessed a major spike in 2017 at 39.71%. However, the growth hasn't been linear, exemplified by a decline of 14.5% in 2020. In recent years, the growth stabilized, with a 2.6% increase in 2023. Looking at the compounded annual growth rate (CAGR) over the last five years, the average yearly increase stood at 2.53%.
Future projections from 2024 to 2028 indicate moderate increases, with a forecasted CAGR of 1.97%, culminating in a 10.27% growth over the five years. The pelagic fish production is expected to continue its upward trend, reaching 302.39 thousand metric tons by 2028.
Potential trends to watch for include environmental policies affecting marine resources, technological advancements in fishing, and changes in domestic and international demand. Monitoring these factors will be crucial for anticipating shifts in future production.
