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• W2182005067 abstract "Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study employed Augmented Dickey-Fuller test, Cointegration test, Vector Error Correction Model and Granger Causality test. The study revealed that, in the long term, a hundred percent increase in electricity power consumption will cause real gross domestic product per capita to increase by approximately fifty-two percent. However, in the short run, electricity consumption negatively affects real gross domestic product per capita. The study again revealed that unidirectional causality run from electricity consumption to economic growth meaning that any policy actions taken to affect the smooth consumption of electricity in Ghana will definitely affect her gross domestic product per capita. Therefore, the current load shedding policy due to low supply of electricity will definitely affect the Ghanaian economy negatively, that is lower production levels, high inflation, and high rates of unemployment and lower standard of living. Therefore, the government of Ghana should invest massively into electricity infrastructure and conservation measures to meet the needs of the various sectors of the Ghanaian economy." @default.
• W2182005067 created "2016-06-24" @default.
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• W2182005067 date "2014-01-01" @default.
• W2182005067 modified "2023-09-24" @default.
• W2182005067 title "Influence of Electricity Consumption on Economic Growth in Ghana" @default.
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