The export of transport services in Ghana has shown significant variations over the past decade. After a peak in 2014, the values plummeted drastically by 2015 with a -75.58% year-on-year change and demonstrated volatility through 2023. In 2023, the value stood at 6.18 units, indicating a -15.46% drop from 2022. Notably, the 5-year CAGR up to 2023 was slightly positive at 0.61%, suggesting minimal average growth per year despite large fluctuations. However, from 2024 onwards, forecasts indicate a sharp decline, with a 5-year forecast CAGR of -30.37% predicting an 83.63% decrease by 2028.
Future trends to watch for:
- Increasing global competition and shifts in international transport demands.
- Potential changes in regional trade agreements and economic instability.
- Adoption of technology and innovation in Ghana's transport sector to offset declining exports.
