Comparative analysis of the impact of energy security on productivity of SMEs in the Accra Metropolis of Ghana

ABSTRACT

The study explored the link between Energy Security (ES) and the productivity of SMEs in the Greater Accra Region of Ghana. The study assessed the perceptions of 246 respondents from 500 SMEs. Means, Relative Importance Index (RII) and P-values were calculated for availability, affordability, efficiency, and environmental stewardship indicators and used to assess the association between ES and the productivity of SMEs. ES at the SMEs is highest for affordability, followed by environmental stewardship, efficiency, and availability. ES has a significant positive correlation with sales revenue, output per unit cost of production, labour utilization, and capital utilization of SMEs.

KEYWORDS:

• Energy security
• availability
• affordability
• economic efficiency
• productivity
• environmental stewardship
• labor
• capital
• utilization

Disclosure statement

No potential conflict of interest was reported by the author(s).