Forecast: Number of Fixed Broadband Subscriptions in Ghana

The number of fixed broadband subscriptions in Ghana has demonstrated significant fluctuations over the past decade. Notably, the year-on-year variation in 2022 reached an impressive 80.86%, while the number of subscriptions in 2023 stood at 287.27 thousand, reflecting a substantial year-on-year growth of 38.67%. The compounded annual growth rate (CAGR) over the last five years stands at 36.21%, indicating a robust upward trajectory.

From 2024 onwards, the forecast shows a steady increase in fixed broadband subscriptions, with an anticipated CAGR over the next five years being 13.47%. This growth is expected to result in an 88.09% overall increase by 2028. The consistent upward trend suggests expanding digital infrastructure and broader internet access.

Future trends to watch for include:

• Continued investment in digital infrastructure improving accessibility.
• Increased competition among internet service providers driving down costs and improving service quality.
• The impact of government policies aimed at digital transformation and inclusion.
• Growth in demand for high-speed internet services amid rising digital literacy and the digital economy.