 Modelling demand for liquefied petroleum gas (LPG) in Ghana: current dynamics and forecastOPEC Energy Review, 2014, vol. 38, issue 4, 398-423 Abstract: Gas is fast becoming an integral component of the energy mix in Ghana and holds huge prospects for the future. However, there is still great uncertainty surrounding the size of this potential market and often results in supply shortfalls. The recurrent shortages in the supply of liquefied petroleum gas (LPG) for domestic and industrial consumption pose a great challenge to the goal of promoting access and utilisation of modern and efficient energy to engender sustainable development in Ghana. As a result, this paper investigates the long- and short-run demand drivers of LPG in Ghana and presents a 10-year forecast of future trends in the demand using the autoregressive distributed lag and partial adjustment model techniques. Results identify income, price and urbanisation as the main drivers of demand. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022. This result has serious implications on both demand and supply side management, and thus calls for stringent efforts to attract the requisite infrastructure to ensure stable and reliable supply of LPG to meet domestic and industrial demands. Date: 2014 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:opecrv:v:38:y:2014:i:4:p:398-423 Ordering information: This journal article can be ordered from Access Statistics for this article OPEC Energy Review is currently edited by Angela U. Agoawike More articles in OPEC Energy Review from Organization of the Petroleum Exporting Countries |
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