The renewable energy consumption in Ghana has seen a consistent decline over the years, with a notable year-on-year decrease from 44.02 in 2015 to 38.22 in 2023. The values for 2024 and beyond are forecasted to continue this downward trend, reaching 33.8 in 2028. The compound annual growth rate (CAGR) from 2013 to 2023 shows a generally negative trajectory, with variations reflecting both minor increases and more significant drops. For instance, a drop of 2.4% in 2023 from the previous year marks a consistent declining pattern over recent years.
Future Trends to Watch For:
- Continued decrease expected with a CAGR of -1.95% forecasted for 2024 to 2028.
- A watchful eye on potential policy changes or technological advancements that could reverse or stabilize this trend.
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