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|Title: ||Modelling Transport Energy Demand in Ghana: The Policy Implication on Ghanaian Economy|
|Authors: ||Annan, Jonathan|
Arthur, Yarhands Dissou
|Keywords: ||Energy demand|
|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
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
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|
|Appears in Collections:||College of Arts and Social Sciences|
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