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|Title: ||Assessing the Effects of the Energy Crisis on Micro and Small Scale Businesses in the Kumasi Metropolis|
|Authors: ||Anane, Stephen|
|Issue Date: ||6-Apr-2016|
|Abstract: ||Research has revealed that the Ghanaian economy is largely made up of Micro, Small and Medium scale Enterprise (MSMEs) which signifies the crucial role that these enterprise play in the country‟s growth, employment, rural development, income generation and poverty reduction. It must also be emphasised that access to sustainable and reliable energy (electricity) accelerates growth of MSMEs. Against this background, the study investigated the effects of the energy crisis on micro and small businesses in the Kumasi Metropolis, with focus on operations, cost of operations and income level.
The study revealed that, the energy crisis which has led to a load shedding exercise is hampering performance and operational efficiencies of the micro and small scale businesses in the metropolis. Secondly, due to the load shedding micro and small scale business owners have been compelled to acquire alternative power sources in the form of generators and LPG to supplement their energy requirements which has led to additional costs ranging from GH¢50 to GH¢292 per month. It was discovered that majority of respondents who used alternative power perceived the cost to be higher than the electricity tariffs paid every month. Additionally, the study further revealed that the energy crisis has contributed to a decline in income level of MSEs in the Metropolis due to declining output and that the duration of the load shedding is positively related to the declining income. However, the causal relationship was discovered to be minimal. Based on these effects, the study recommended the acceleration of government and IPP projects underway to augment national energy supply to enhance social and economic growth. Furthermore, the study also recommended giving priority to attracting investment and developing the abundant
renewable energy resources in the country including solar, wind, mini hydro and biogas energy given the passage of the Renewable Energy bill which provides the structural and legal frame work of development so as to reduce the excess pressure on the national grid.|
|Description: ||A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree Master of Business Administration (Finance Option), 2015|
|Appears in Collections:||College of Arts and Social Sciences|
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