The production of alcoholic beverages in Ghana has shown fluctuations over the past decade. In 2023, the volume stood at 672.0 thousand metric tons. The year-on-year variation from 2022 to 2023 was 0.9%, indicating a slight increase. Over the last five years, the compound annual growth rate (CAGR) was 0.18%, reflecting modest growth in the sector. Key notable variances include a significant rise of 13.27% in 2018 followed by a decrease of 2.7% in 2019 and 4.12% in 2020.
Future trends to watch for include the forecasted increase in production to 701.6 thousand metric tons by 2028, with a forecasted five-year CAGR of 0.68% and an overall five-year growth rate of 3.47%. This suggests a steady yet slow growth trajectory for the industry. Monitoring advancements in production technology, shifts in consumer preferences, and regulatory changes will be crucial for understanding future dynamics in Ghana's alcoholic beverages market.
