Renewable energy (electricity) development in Ghana: Observations, concerns, substitution possibilities, and implications for the economy.

Renewable energy (electricity) development in Ghana: Observations, concerns, substitution possibilities, and implications for the economy.

Boqiang Lin, Isaac Ankrah

Can Ghana build its economy on renewable energy? Is it possible to substitute nonrenewable for renewable energy? What is the impact of renewable energy on the economy of Ghana? These questions are relevant and worth considering as far as the renewable energy development agenda in Ghana is concern. Using the translog production function approach, this study primarily investigates whether Ghana can move away from nonrenewable electricity generation to renewable power generation. In particular, we provide estimates for the relationship between the two energy types and output. The estimates are then used to calculate the output and substitution elasticities between renewable and nonrenewable energy. Our findings show that while the impact of nonrenewable energy on Ghana's economy is negative, that of renewable energy is insignificant, with output elasticities for both energy types averaging −0 …

Elsevier

2019

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=qSyX_i8AAAAJ&citation_for_view=qSyX_i8AAAAJ:u-x6o8ySG0sC

English