Recent data indicates that energy consumption in the transport sector in Ghana has shown significant fluctuations from 2013 to 2023, peaking at 37.08 in 2015 and then experiencing a general downward trend until 2021. From 2021 onwards, energy consumption has seen a marginal but consistent increase up to 2023, when the value stood at 35.79. The year-on-year variation over the last two years is 0.48% and 0.51% respectively, showing a slight upward trend. The compound annual growth rate (CAGR) over the last five years is observed at roughly 0.49%.
Forecasts suggest a gradual increase in energy consumption, with a five-year CAGR forecast at 0.3% and an overall growth rate of 1.53% through 2028. Future trends to watch for include the impact of governmental energy policies, the adoption of renewable energy sources, and the potential shifts in transport infrastructure developments. These factors will likely play critical roles in shaping the energy consumption trajectory in Ghana's transport sector.
