The renewable energy supply in Ghana, excluding solid biofuels, stood at 4.98 units of Total Primary Energy Supply in 2023. A declining trend is evident from 2013 to 2023, with key fluctuations such as a steep drop in 2015 by 33.13% and several smaller declines in recent years. The overall Compound Annual Growth Rate (CAGR) for the past 5 years leading up to 2023 was -0.28%.
Forecasted data from 2024 to 2028 predict a continued decline, with a forecasted 5-year CAGR of -2.06% resulting in a total growth rate of -9.88%. Renewable energy supply is expected to reach 4.38 units by 2028.
Future trends to watch for:
- Government policies promoting renewable energy investments.
- Technological advancements in renewable energy sectors.
- Potential international funding and partnerships for renewable projects.
- Changes in global energy market dynamics affecting local supply and demand.
- Possible societal shift towards more sustainable energy consumption patterns.
