Based on the available data for climate change-related transport tax revenue in Ghana, the revenue in 2023 stood at 1.41 Units. From 2013 to 2023, there were significant fluctuations, with notable drops in 2014 and 2020. The year-on-year variation indicates drastic changes, peaking in 2015 with a 241.38% increase and dropping by 67.57% in 2020. Despite these fluctuations, the long-term trend shows a positive growth trajectory. The recent 5-year CAGR until 2023 was 4.53%, while the forecasted 5-year CAGR is 4.17%, indicating steady growth in the future. Future projections from 2024 to 2028 show a consistent increase in revenue, with the expected value reaching 1.84 Units by 2028.
Future trends to watch for include the impact of government policies on climate regulations, the adoption rate of green technologies in transport, and global economic conditions influencing tax revenue. Monitoring these areas will be crucial for providing accurate future forecasts and understanding the broader impact on Ghana’s economy.
