Forecast: Fixed Broadband Subscriptions in Ghana

The dataset of fixed broadband subscriptions in Ghana shows significant evolution and variation from 2013 to 2023. From 2013 to 2015, the subscriptions remained stable at 0.25 units per hundred persons. A notable fluctuation occurred from 2016 to 2019, where the value oscillated between 0.19 and 0.29, peaking briefly in 2016. This period also exhibits a mix of negative and modest positive year-on-year variations, highlighting inconsistent growth.

From 2020 onwards, a marked upward trend commences, illustrated by substantial year-on-year increases: 31.19% in 2020, 43.25% in 2021, and a striking 77.39% in 2022. The year 2023 further consolidates this growth with a 36.79% increase, reaching 0.85 units per hundred persons. The CAGR over the latest five-year span (2018-2023) is an impressive 33.66%, underscoring a robust growth trajectory in recent years.

Looking forward, the forecast from 2024 to 2028 suggests a continued growth trajectory with the fixed broadband subscriptions expected to rise from 1.09 to 2.05 units per hundred persons. The forecasted 5-year CAGR stands at 13.46%, with an anticipated total growth of 87.99% through 2028.

Future trends to watch for include:

• The impact of government policies and investments on broadband infrastructure.
• Technological advancements and their adoption rate in the market.
• Competitive dynamics among internet service providers driving service improvements.
• The influence of economic factors on consumer adoption of fixed broadband services.