From 2013 to 2023, government expenditure on health in Ghana showed fluctuations, with notable oscillations early on. After a peak in 2013 with a value of 70.08 units, spending dipped significantly by 14.61% in 2014, marking a volatile adjustment period. Subsequently, from 2015 to 2023, expenditure gradually stabilized with annual declines less than 0.23%. As of 2023, spending stood at 61.78 units, reflecting a consistent yet slight year-on-year decrease over recent years.
Looking ahead, forecasted values from 2024 to 2028 project a steady downward trend, with a forecasted average annual decrease (CAGR) of -0.17%, culminating in 61.13 units by 2028. Monitoring future trends, policymakers should focus on:
- Identifying underlying causes for the sustained expenditure reductions.- Examining the potential impact of decreasing health expenditure on service quality and public health outcomes.- Exploring interventions or policy changes that could stabilize or reverse expenditure trends.
