Power crisis Ghana loses $2.2 million daily to 'dumsor'

The Institute of Social, Statistical and Economic Research says Ghana loses about $2.2m daily or $686.4 million yearly due to the power crisis.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

A study conducted by the Institute of Statistical, Social and Economic Research (ISSER) has revealed that businesses lose about $686.4 million annually due to the incessant supply of electricity which has plagued Ghana over the past three years.

According to ISSER, the crisis has lowered the annual sales of Small and Micro businesses by about 37% to 48%. These figures were arrived at following the Opportunity Cost per Kilowatt analysis by ISSER's economic division.

Presenting highlights of the report titled "Electricity insecurity and its impact on micro and small business in Ghana", Head of the Economic Division at ISSER, Dr. Charles Ackah, stated that this translates to about 2% of national output lost due to the current crises..

This is the first time a comprehensive study has quantified in monetary terms, losses suffered by businesses since the power crises began.

According to the opportunity cost per kilowatt analysis by ISSER’s Economic Division, the figure translates to about 2% of national output lost due to the energy crisis.

The report was carried out on over 1, 250 SMEs across all 10 regions of Ghana and it was revealed that the crisis has lowered the annual sales of these companies by about 37% to 48%.

The report dubbed: “Electricity insecurity and its impact on small business in Ghana” said only 20% of all MSEs have backup generating sets to support their businesses anytime the power goes off.

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos




Top Articles

1 Watch Water leaks from hole in wall at new Kwame Nkrumah Interchangebullet
2 Kwabena Boadu One week of demise commemorated [Photos]bullet
3 His Excellency Top 10 John Mahama quotes that will shock youbullet
4 Election 2016 Weapons allegedly seized from an NDC sympathiserbullet
5 Judgement debt Supreme Court puts on hold Amidu's oral...bullet
6 Pulse Live Daily EC extends special voting exercise by a daybullet
7 Fraud Alert Fake US Embassy in Ghana shut down after a...bullet
8 Death hits Manhyia Otumfuo's mother reported dead at 109bullet
9 Election 2016 Rastas in Ghana preach peace ahead of...bullet
10 Obinim "Police prevented me from facing Obinim" -...bullet

Top Videos

1 Kwame Nkrumah Interchange Water leaks from hole in wall at new Kwame...bullet
2 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
3 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
4 Video IEA Presidential Townhall 2016bullet
5 Video Taxi driver terrified after an encounter with a ghostbullet
6 Obinim Pastor charged with assault; sent to CID Headquartersbullet
7 Night Life Some taxi drivers and their night driving experiencesbullet
8 Obinim saga We had sex only once - Obinim victims confessbullet
9 Elections 2016 Nana Addo holds conference in Kumasi...bullet
10 Meet Aisha the female mate who aspires to be a driverbullet

News