The production of non-coniferous wood fuel in Ghana exhibited a generally increasing trend from 2013 to 2023, starting at 41.448 million cubic meters and rising to 52.448 million cubic meters. Historical year-on-year variations fluctuated, peaking at a 5.3% increase in 2020 and stabilizing at around 1.93% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 1.94%, reflecting steady growth.
Forecasts from 2024 to 2028 suggest continued growth, although at a slower pace. The predicted 5-year CAGR is 1.39%, and the overall forecasted growth rate is 7.15%, indicating modest expansion prospects.
Future trends to watch for include:
- Potential impacts of environmental policies on wood fuel production.
- Technological advancements in sustainable forestry practices.
- Market demand fluctuations due to alternative fuel sources.
