From 2013 to 2023, the share of transport services in commercial service imports in Ghana exhibited a downward trend, falling from 43.35% in 2013 to 23.61% in 2023. The value was especially volatile, with significant declines in 2015 by -31.87% and 2020 by -8.26%, followed by a notable rise in 2022 by 23.33%. Over the five-year period ending in 2023, the Compound Annual Growth Rate (CAGR) stood at 0.25%.
The forecasted data from 2024 to 2028 predict a continued decrease, dropping from 22.7% in 2024 to 19.1% in 2028. The five-year forecasted CAGR is -3.39%, indicating an overall decline of approximately -15.85% by 2028.
Future trends to watch for include potential changes in trade policies, economic instability, and infrastructure developments, which could influence the demand for transport services. It's also imperative to monitor the impact of technological advancements and alternative transport methods on commercial service imports in Ghana.
