TITLE:
Exploring Ghana’s Financial Journey in Energy Economics: Unveiling the Economic Landscape
AUTHORS:
Lokko George William, Li Yang, Nguembi Ines Pamela, Abangbila Linda
KEYWORDS:
Ghana’s Perspective, Economies, Financial Development, Energy, Ghana Statistical Service
JOURNAL NAME:
Open Journal of Business and Management,
Vol.12 No.1,
January
26,
2024
ABSTRACT: In today’s fast-changing economic, social, and
financial landscape, organizations are increasingly recognizing the importance
of their most valuable asset: their people. The performance of individuals
within these organizations is crucial for achieving overall success. At the
same time, the significance of environmental safety and sustainability is
gaining prominence in emerging nations, as
it positively impacts both the economy and the environment. This analysis focuses on evaluating the activities of the Ghana
Statistical Service (GSS) in relation to the implications of energy economics.
To conduct this research, a purposeful non-probability Likert scale survey
method was employed, involving participants from various departments and agencies within
the GSS. The study primarily relies on quantitative data analysis. The results indicate that a majority of GSS employees possess statistical
backgrounds, which positions them well to fulfill the organization’s mission.
Notably, the calculations reveal that as rural financial conditions improve,
there is a decrease in the standard deviation of family energy poverty. This
finding is consistent across multiple
non-technical perspectives. Additionally, the study highlights a higher
level of consistency among rural and newly established household units. It is
expected that enhanced financial participation among employees will lead to significant reductions in energy
poverty. To gain a comprehensive understanding of
the impact of access to finance on energy poverty, it is crucial to consider
not only consumer poverty but also household net earnings as potential contributing factors.