In 2023, fisheries production volume in Ghana stood at 478.92 thousand metric tons. Examining the historical data from 2013 to 2023, we notice a volatile trend with significant year-on-year variations. For instance, there was a substantial decline in 2013 but a notable recovery in subsequent years, peaking in 2021. However, the CAGR over the last five years indicates an average annual growth rate of 1.87%. Forecasting data from 2024 to 2028 shows a more stable and modest growth trend, with a forecasted five-year CAGR of 0.74% and a projected five-year growth rate of 3.77%.
Future trends to watch for in Ghana's fisheries production include the potential impact of sustainable fishing practices, technological advancements in aquaculture, and environmental changes affecting marine ecosystems. Increased focus on policy reform and investment in the fisheries sector could further influence production volumes positively.
