The demand for beef meat in Ghana has shown fluctuation over the past decade. In 2023, the volume stood at approximately 27 Thousand Metric Tons, a -3.57% decline year-on-year and a CAGR of -0.72% over the last five years. Historically, the demand decreased notably in 2020 by -17%, but saw a recovery in 2021 with a 20.48% increase. The forecast from 2024 to 2028 indicates a steady decline, with the volume expected to be approximately 26.4 Thousand Metric Tons by 2028, reflecting a forecasted 5-year CAGR of -0.5% and an overall decline of -2.48% over this period.
Future trends to watch for:
- Potential impact of economic changes on consumer purchasing power.
- Shifts in dietary habits and possible increases in alternative protein sources.
- Effects of import policies and local production capacities on beef supply.
