Forecast: Ores and Metals Exports in Ghana

Ghana's exports of ores and metals exhibited considerable fluctuations between 2013 and 2023. Beginning at 2.07 units in 2013, the value decreased to 1.53 units in 2015, showcasing a significant downward trend. A recovery phase followed, with exports reaching 3.04 units by 2019. Slight declines were noted in 2020, followed by marginal increases from 2021 to 2023, stabilizing at 2.88 units. This period saw year-on-year variations ranging from -16.08% to 43.75%, with a 5-year CAGR of 0.61% by 2023.

Future trends to watch for:

• Expected stabilization with minor increases projected, reaching 2.91 units by 2028.
• A forecasted 5-year CAGR of 0.16%, suggesting minimal growth in the sector.
• Potential impact of global market volatility and local policy changes on export volumes and values.