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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/10602

Title: Modelling Transport Energy Demand in Ghana: The Policy Implication on Ghanaian Economy
Authors: Annan, Jonathan
Arthur, Yarhands Dissou
Quanah, Emmanuel
Keywords: Energy demand
Transport energy
Ghanaian economy
modelling
Issue Date: 2015
Publisher: British Journal of Economics, Management & Trade
Citation: British Journal of Economics, Management & Trade 10(1): 1-12, 2015
Abstract: Aim: The study aims at modeling automotive energy demand in Ghana as well as predicting the long term energy demand and its implication on the Ghanaian economy. Research Design: The research design deployed in order to achieve the aim was explanatory. Research Duration: The research form part of bigger research work which got started in 2012 and ended 2015 Research Methodology: The study used secondary data of fuel demand collected from the ministry of energy, through Ghana statistical service. Descriptive statistics and inferential statistical methods were deployed. Various descriptive charts were used in the preliminary stages of the modeling and further modeling techniques such as quadratic, linear, logarithmic, cubic and adopted. Research Findings: The result of the study reveals that the cubic model best predict the demand for both gasoline but the PMS best predicted by quadratic model in Ghana with p-value < 0.05. The plot of the forecast value further revealed exponential future demand for automotive energy in Ghana. Conclusion: The cubic model best fit the automotive energy demand in Ghana with exponential future automotive energy demand. The nation should put policies in place to ensure resilient public transportation system which will translate into a reduction in private car demand for fuel. Implication on Ghanaian Economy: The exponential demand for automotive energy will mean that the nation will need more funds in order to import such energy this will further put much pressure on the cedi since demand for the fuel will demand foreign currency for its importation.
Description: An article published by British Journal of Economics, Management & Trade 10(1): 1-12, 2015
URI: http://hdl.handle.net/123456789/10602
Appears in Collections:College of Arts and Social Sciences

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