International Journal of Developing and Emerging Economies (IJDEE)

EA Journals


Electricity Transmission Losses, Electricity Consumption, and Economic Growth in Ghana (Published)

An unsustainable power supply has dire consequences for every economy. Extant studies focused on the nexus of electricity consumption and economic growth to the neglect of electricity transmission losses (ETL). This paper argued that quantifying the effect of ETL on electricity consumption and understanding its implications on growth will incite actions to improve the electricity transmission system in Ghana. Using yearly data from 2000 to 2020 in an Autoregressive Distributed Lag (ARDL) model, the study concludes that ETL reduce the total amount of electric power consumed in Ghana by 34%. Again, a reduction in electricity consumption due to ETL reduces national income and Ghana’s growth at large. Factors including electricity price, exchange rate, and inflation also influenced electricity consumption and economic growth in Ghana. The study suggests massive improvement in its electricity transmission system to reduce electricity losses, increase electricity consumption, and enhance economic growth.

Keywords: Electricity transmission losses, Ghana, Growth, electricity consumption

Impact of Monetary Policy on Economic Growth in Nigeria (1990-2017) (Published)

The study examined the impact of monetary policy on economic growth in Nigeria; for the period 1990-2017. Secondary data were collected from the Central Bank of Nigeria Statistical Bulletin. The study used Gross Domestic Product as proxy for economic growth and employed as the dependent variable; whereas, monetary policy rate, liquidity rate and Treasury Bills respectively were used as the explanatory variables to measure monetary policy. Hypotheses formulated were tested using Ordinary Least Square (OLS) techniques. The study revealed a significant impact of Treasury Bills on Gross Domestic Product in Nigeria. Liquidity ratio had a significant impact on Gross Domestic Product in Nigeria. Monetary policy rate had a significant impact on Gross Domestic Product in Nigeria. The coefficient of determination indicated that about 62% of the variations in private sector of the economy can be explained by changes in monetary policy variables. The study concluded that monetary policy had impacted significantly on private sector growth in Nigeria. The study recommended that policy makers should strong economic policies that will maintain and stabilize the economy. CBN should lay down strict prudential guidelines to stabilize and strengthen the economy. The CBN should review the Monetary Policy Rate downwards so as to reduce the cost of credit and increase the flow of investible funds to the economy.

Keywords: Economic, Growth, Nigeria, Policy, monetary

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