The capture fisheries production volume in Ghana has experienced significant fluctuations over the past decade. In 2023, production stood at 396.03 thousand metric tons, showing a slight increase of 1.2% from the previous year. Earlier years exhibited considerable variability, with notable dips in 2016 (-5.88%) and 2019 (-11.66%) and raises in 2014 (11.6%) and 2017 (13.61%). The compound annual growth rate (CAGR) over the last five years indicates a moderate average annual growth of 1.93%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady yet modest growth, with a 5-year CAGR of 0.89% and an overall growth rate of 4.54% by 2028. This continued growth will likely hinge on sustainable fishing practices, regulatory policies, and advancements in fishing technology.
Future trends to watch for include:
- Implementation of sustainability measures to mitigate overfishing.
- Technological innovations in fishery management and operations.
- Government and international policies influencing fishing quotas and practices.
- Impact of climate change on fish populations and ecosystems.
