Audio By Carbonatix
A survey conducted by the Institute of Economic Affairs (IEA) in 2024 has shown that power outages resulted a significant negative impact on both businesses and household activities.
The survey showed that about 70.7% of businesses and 61.5% of households reported that power outages have major or severe effects on their business activities.
“The effect on businesses is more severe when compared to that of households. About 64.5% of respondents indicated that the effect of power outages in the year 2024 included damage to their electrical appliances and or financial losses to their business or both,” Head of Survey at the IEA, Samuel Manu, revealed.
Mr. Manu said the power outages show that “dumsor” has brought untold hardship to most people in the Greater Accra region.
He explained that most consumers suffered losses in damaged goods.
“The cost of Dumsor in Ghana goes beyond a simple decline in GDP— it includes the sufferings of individuals and small businesses in the form of appliance damages and financial losses.
Purpose of Survey
Mr. Manu stated that the survey is aimed at finding out the experiences of Ghanaian businesses and households’ days after the president’s declaration that Dumsor was over.
The survey enquired about the frequency of the outages, their duration, effects on businesses and household equipment, and consumer expectations about future supply of power.
It would also feed into the search for a lasting solution to power outages in the context of a stakeholder forum that IEA intends to organise in the coming weeks.
On the question of how often businesses and households experienced power outages, the results showed that about 94% of respondents experienced various degrees of power outages ranging from 1 time to more than 7 times within the week.
Overall, 75.4% of respondents experienced power outages at least 3 times in the week, with about 19% recording 7 or more times power outages. The calculated average outage per week is approximately 4 times. These figures show significant outages across the Greater Accra Region even after the president declared Dumsor was over.
“An average of four power outages in a week which last for 7 to 4 hours cannot be attributed to to mere faulty transformers, as claimed by utility providers. It definitely has element of low electricity production and supply. Therefore, we conclude that ‘Dumor’ persisted even after the president made a bold declaration that ‘Dumsor’ was over and will never return”, he emphasized.
Further analysis of the data revealed that the situation for businesses is not different from that of households, as both are experiencing a similar number of outages in a week.
Latest Stories
-
Ghana’s small businesses don’t have a marketing problem. They have a capacity problem.
16 seconds -
GNFS intensifies fire safety campaigns across Eastern Region
2 minutes -
Messi retires from international football
11 minutes -
One dead and more than a dozen missing after ‘terrifying’ flash flood hits Grand Canyon
12 minutes -
Full Report: SIGA releases 2025 State Ownership Report on performance of state entities
17 minutes -
Messi retires from international football
21 minutes -
Accra Institute of Technology holds 22nd graduation as 572 students graduate and PhD alumni surpass 100
21 minutes -
Metro Mass Transit returns to profit as revenue rises to GH¢161.85m
25 minutes -
Barcola joins Liverpool from PSG in £123m move
28 minutes -
GOIL profit rises to GH¢90.67m despite 9% revenue decline
31 minutes -
Aid system is broken, African Civil Society leaders say; 200 gather in Accra to build a new Africa-Led model
36 minutes -
TrustGH records more than 6,000 ‘scam’ numbers as TikTok emerges a major fraud channel in Accra, Ghana
36 minutes -
SIGA proposes liquidation of Ghana Railway Company and absorption of staff into GRDA
37 minutes -
FWSC boss steals show at JoySports Invitational with CEOs Penalty thriller
42 minutes -
Ghanaian dogs sweep top honours at West African August classic dog show
45 minutes