The Out-of-Pocket Health Expenditure in Ghana showed mixed trends from 2013 to 2023. In 2013, there was a significant drop of -25.1%, followed by a substantial increase of 34.74% in 2014. After some fluctuations, the expenditure continued to rise modestly from 2016 onwards, reaching a value of 26.28 in 2023. The year-on-year variation stabilized around 0.51% in 2023, indicating a period of relative steadiness. The five-year CAGR from 2018 to 2023 stands at 0.53%, reflecting a slow but consistent growth. Looking forward, the forecasted data from 2024 to 2028 predicts a gentler growth trend with a five-year CAGR of 0.37% and an overall growth rate of 1.87%.
Future trends to watch for include:
• Potential impacts of healthcare policy changes on out-of-pocket expenses.
• Economic factors that could influence personal health expenditure capabilities.
• The role of technological advancements in healthcare and their associated costs.
• Public health initiatives aimed at reducing out-of-pocket expenditure.