Forecast: Total Fixed Broadband Subscriptions in Ghana

In 2023, Ghana's total fixed broadband subscriptions stood at 72.15 thousand. Year-on-year analysis shows a 2.17% increase in 2023, following a 2.6% decrease in 2022 and a 2.37% increase in 2021. The compounded annual growth rate (CAGR) for the past five years (2019-2023) has been 2.97%, indicating moderate growth in this period. From 2013 to 2016, the market exhibited significant growth, with noteworthy yearly increases, peaking at an 18.41% rise in 2016, followed by a sharp 34.4% decline in 2017. Post-2018, the market saw more stable yet slower growth.

Looking forward, the forecast suggests continuous but modest growth, with a 5-year CAGR of 1.46% from 2024 to 2028 and an overall 7.53% growth rate over this same period. Future trends to watch for include technological advancements in broadband infrastructure, potential governmental policy changes, and increasing urbanization which may further drive subscription rates.