Ghanaian Energy Markets and the Role of Natural Gas for Local Development

Giovanni Occhiali and Manfred Hafner
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Giovanni Occhiali: Fondazione Eni Enrico Mattei
Manfred Hafner: Fondazione Eni Enrico Mattei

Reports, 2017

Abstract: The Ghanaian economy is one of the most successful of Sub-Saharan Africa. Over the last two decades it has undergone a process of structural change with shifts from agricultural activities to services. This report presents the most recent figures on Ghanaian energy markets with a focus on the role that natural gas could play for the development of the power sector and the national economy. The use of national gas instead of imported light crude oil in thermal generation would increase the reliability of electricity supply, which has long been considered one of the main obstacles to economic growth. The power sector is not the only sector in which natural gas could play a pivotal role. The financial resources dedicated to imported oil could be directed towards investments in generation capacity, while the emission profile of the country would also stand to gain.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:fem:frepor:2017.12-03

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