The share of travel services in Ghana’s services exports experienced significant fluctuations from 2013 to 2023, peaking at 43.86% in 2014 before plummeting to 1.45% in 2020, likely due to the global pandemic. As of 2023, the value stood at 10.01%. From 2021 to 2023, the value showed a positive trend with a 62.78% increase. Over the past five years, the average annual growth rate (CAGR) was 0.87%, reflecting a slower recovery.
Looking forward, forecasts suggest a gradual increase, reaching 10.58% by 2028, with an expected growth rate of 4.44% over the next five years. Future trends to watch include the impact of global travel conditions, local tourism investments, and economic policies aimed at boosting the travel sector. These factors will crucially influence the recovery trajectory and growth of travel services within Ghana’s service export portfolio.
