Forecast: Potash Fertilizer use on Crops in Ghana

In 2023, the use of potash fertilizer on crops in Ghana stood at 10.5 kilograms per hectare. Based on forecasted data for 2024 to 2028, potash fertilizer usage is expected to steadily increase each year. In 2024, it is projected to be at 10.85 kg/ha, marking a 3.3% increase from 2023. For 2025, usage is forecasted to be 11.23 kg/ha, a 3.5% increase from the previous year. In 2026, the forecasted value is 11.59 kg/ha, representing a 3.2% increase from 2025. By 2027, it is expected to reach 11.95 kg/ha, a 3.1% year-on-year increase. Finally, in 2028, the usage is projected to be 12.3 kg/ha, a 2.9% increase from 2027. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 3.3%, indicating a consistent upward trend in potash fertilizer application.

Future trends to watch for include potential changes in agricultural policies, advancements in fertilizer efficiency, and shifts in crop patterns due to climate change. These factors could influence both the demand for and the application rates of potash fertilizer in Ghana.