Question

Estimate and explain the terms oil, energy supply mix and import dependence in ghana. Suggest policy ideas to improve Ghana's reliance on energy import dependence

Answer 1

Ans: The following are the estimates of the term oil, energy supply mix and import dependence in Ghana as follows:

1. Nearly 80% of Ghanaian energy is depends on the petroleum.
2. Ghana imports the petroleum products near to 95%.
3. There is a lack of inferential statistics in the Petroleum industry research.
4. In the year 2018, petroleum consumption was accounted nearly to 80% of final energy which does not include biomass in Ghana.

The suggestions of policy ideas to improve Ghana’s reliance on energy import dependence are:

1. The collaboration with some reputed global industries in this sector.
2. The development of future fuel projects.
3. The enhancement of research and development project for the improvement of energy supply.