What is it about?
The role of energy especially in the industrial, manufacturing, service and even the agricultural activities underscores its crucial link with economic growth and development. From a policy perspective, knowing the direction of cause between energy consumption and economic development is essential for energy conservation purposes. To manage Ghana’s energy demand side it is therefore imperative to know not only the drivers of energy consumption demand over the years in Ghana but also to know whether economic growth (activities) actually causes energy consumption and/or the vice versa. Empirical investigation is therefore required to examine whether the relationship between energy and economic development is actually causal or is a case of mere association.
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Why is it important?
It is argued that a major drive towards sustainable development and macroeconomic stability in Ghana depends very much on sound and pragmatic energy management and conservation policies. The significance of this study therefore hinges on managing the demand side of the energy sector of Ghana.
Perspectives
In the wake of rising population coupled with rapid urbanization and increased industrial activities, energy consumption/demand could be expected to rise. Given that energy consumption is closely linked to environmental degradation/pollution, adverse climate changes and depletion of natural resources, then against the backdrop of concerns about climate change and environmental degradation, reducing energy intensity could be a way to at least partially mitigate these impacts. This is my perspective
Dr. Solomon Aboagye
University of Cape Town
Read the Original
This page is a summary of: The policy implications of the relationship between energy consumption, energy intensity and economic growth in Ghana, OPEC Energy Review, December 2017, Wiley,
DOI: 10.1111/opec.12114.
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