Between 2013 and 2022, groundnut oil production in Ghana exhibited fluctuations with periods of decline and growth. Notable increases occurred in 2014 (+12.46%) and 2018 (+20.55%), while significant declines happened in 2013 (-13.43%) and 2015 (-9.18%). The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2022 averaged 0.25%, reflecting slower overall growth. By 2028, the projected 5-year CAGR is 0.97%, indicating gradually increasing production. Year-to-year variations for 2023 and 2024 are minor with 1.23% and 1.35% growths, respectively.
Future trends to watch over the forecast period include technological advancements in agricultural practices, policy changes impacting groundnut cultivation, and variations in market demand both domestically and internationally. Stakeholder commitment to sustainable production practices will also be pivotal.
