In 2023, the demersal fish production in Ghana stood at 38.27 thousand metric tons, marking a slight reduction of 0.026% from the previous year. Over the past two years, the production showcased a year-on-year decline, closely following a CAGR of 0.47%. However, it is crucial to highlight the fluctuations observed in the data across preceding years - such as the significant 56.24% increase in 2015 and a notable 19.92% decrease in 2016. Observing the longer-term trend, 2020 saw a sharp 17.02% decline, followed by a recovery in subsequent years. Analyzing the forecasts from 2024 onwards, a slightly declining trend is observed with almost negligible CAGR at -0.01% projecting a minor contraction by 2028.
Future trends to watch for:
- Technological advancements in sustainable fishing practices.
- Impact of climate change on marine ecosystems affecting fish populations.
- Government policies and regulations on fishing quotas and conservation efforts.
- Market demand shifts driven by dietary changes and population growth.
