The data on biomass consumption in Ghana from 2013 to 2028, expressed in Units of Domestic Material Consumption, reveals some significant trends. In 2023, biomass consumption stood at 41.37. Over the last two years, a year-on-year decline of about -1.17% was noted. Over the past five years, the Compound Annual Growth Rate (CAGR) indicates a -1.15% average annual decrease, providing longer-term insight into the trend.
The forecast data through 2028 shows a continuation of this downward trend with an anticipated 5-year CAGR of -1.01%, and a forecasted overall decline of -4.95% by 2028. In this context, the annual rate of decrease in biomass consumption is expected to maintain a relatively steady pace.
Future trends to watch for include:
- Shifts in energy policy promoting alternative energy sources in Ghana.
- Technological advancements in biomass utilization efficiency.
- Economic factors influencing domestic material consumption patterns.
