ECONOMIC BENEFITS OF NATURAL GAS PRODUCTION: THE CASE OF GHANA’S SANKOFA GAS PROJECT

Payne Institute Scholar John Ayaburi and Director Morgan Bazilian consider the economic benefits of Ghana’s Sankofa natural gas project.  In 2014, Ghanaians experienced severe power outages — known as “dumsor” — with the productivity losses estimated at 2 percent of GDP. Domestic natural gas production could provide reliable and low cost electricity for Ghana, if it can be developed. A joint project, Sankofa gas project, aimed at developing natural gas off the coast of Ghana promises to transform the country’s energy mix.  May 26, 2020