A THEORETICAL REVIEW OF SUSTAINABLE FINANCING STRATEGIES FOR MICRO-HYDRO PROJECTS IN SUB-SAHARAN AFRICA
Abstract
Sub-Saharan Africa (SSA) remains one of the least-developed regions globally, with one of the highest percentages of people living in extreme poverty despite its abundant natural resources and recent strong economic growth. The region's slow rate of development can be attributed to a lack of modern and reliable energy services. SSA is currently facing a power crisis characterized by inadequate, unreliable, and costly electricity supply. While global electricity production has improved over the last two decades, SSA's per capita electricity production has remained low and largely stagnant. More than 620 million people in the region live without electricity, and nearly 730 million rely on dangerous and inefficient forms of cooking. The average electricity consumption per capita is insufficient to power a single 50-watt light bulb continuously. This paper explores the impact of selected socio-economic factors and election spending on aggregate savings (total deposits) in Ghana. By analysing data from various sources, this study aims to understand how these factors influence savings behaviour and provide insights into policy measures that can enhance savings rates and support economic development in Ghana
Keywords:
Sub-Saharan Africa, Energy crisis, Socio-economic factors, Election spending, Aggregate savingsDownloads
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Copyright (c) 2024 Chisomo David Mwale , Thandiwe Esther Banda
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