In 2023, corn consumption in Ghana stood at 2.80 million metric tons. Forecasted data shows a progressive increase from 2.89 million metric tons in 2024 to 3.25 million metric tons in 2028. Year-on-year variations indicate a stable growth pattern. Specifically, the growth from 2024 to 2025 is 3.11%, from 2025 to 2026 is 3.02%, from 2026 to 2027 is 2.93%, and from 2027 to 2028 is 2.85%. The Compound Annual Growth Rate (CAGR) over the forecasted period from 2023 to 2028 is approximately 3%.
Future trends to watch for include:
- Changes in government agricultural policies, which could influence production and consumption.
- Technological advancements in farming practices, potentially impacting yield and supply.
- Economic factors such as inflation and income growth affecting purchasing power and consumption behavior.
- Climate change and environmental impacts on crop production.
