The wheat demand in Ghana peaked significantly in 2017 before experiencing a decline and subsequent steady growth. By 2023, the demand stood at 824 thousand metric tons, reflecting a year-on-year variation of 2.11% and a Compound Annual Growth Rate (CAGR) of 4.54% over the last five years. The growth observed over the recent years indicates a trend towards recovery from earlier fluctuations. Notably, from 2021 to 2022, the year-on-year variation was 2.15%, aligning closely with the 2023 growth rate.
Looking forward, the forecasted data suggests modest but steady growth with a CAGR of 1.6% and an overall growth of 8.25% expected by 2028. Key trends to monitor include global wheat price fluctuations, changes in local agricultural policies, and shifting dietary preferences which could affect future demand patterns.
