Despite economic challenges in 2022, Ghana’s Liquefied Petroleum Gas (LPG) consumption grew by 4% in 2023, increasing from 305,076 metric tons to 317,465 metric tons, according to the Ghana Chamber of Bulk Oil Distributors’ 2023 Industry Report.
The growth is attributed to a rebound in economic activities following a slowdown in 2022 when cedi depreciation and an 86% hike in LPG prices caused demand to decline.
The report highlights the inverse relationship between LPG consumption and pricing, noting that the 2022 downturn may hinder the government’s goal of 50% national LPG penetration by 2030.
LPG remains the primary cooking fuel for about 40% of Ghanaians, with usage increasing in rural areas from 14.8% to 16.5% and in urban areas from 51.3% to 56.1%.
Investments in LPG infrastructure and promotion efforts by the government and private sector are expected to sustain this growth, reinforcing LPG’s role as a cleaner, efficient energy source for Ghanaians.