Estimating Ghana's electricity consumption by 2030: an ARIMA forecast

Samuel Asumadu Sarkodie*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    8 Citations (Scopus)

    Abstract

    In this study, an Autoregressive Integrated Moving Average (ARIMA) model was used to forecast Ghana’s Electricity Consumption by the year 2030. Using a time series spanning from 1980 to 2013, evidence from the ARIMA forecast shows that Ghana’s electricity consumption will grow from 8.52 billion kWh in 2012 to 9.56 billion kWh in 2030 in the predicted scenario. The Government of Ghana is encouraged to expand the energy mix by incorporating renewable energy technologies, improve the energy demand-side management policies, planning, and investment decisions on energy infrastructure concerning diverse power generation options to meet the projected electricity demand by 2030.

    Original languageEnglish
    Pages (from-to)936-944
    Number of pages9
    JournalEnergy Sources, Part B: Economics, Planning and Policy
    Volume12
    Issue number10
    DOIs
    Publication statusPublished - 3 Oct 2017

    Keywords

    • ARIMA
    • electricity consumption
    • energy demand-side management
    • forecasting
    • Ghana

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