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Electricity Outages Causing Ripple Effects in Ghana’s Economy
Ghana is currently facing its longest power crisis ever. Despite Ghana Government’s promise to fix this problem by offering alternative sources of power, the country is still experiencing frequent power outages. With a huge public administration wage bill, a consistently depreciating cedi (Ghana’s currency), and other macroeconomic instability indicators, the country […]
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That awkward moment Mexico found out that an Energy Reform was missing
The current abundance of oil and natural gas on Mexican territory is not enough to assure the nation’s energy security now or in the future. What good are these resources if there is neither enough investment nor a sufficiently adequate infrastructure to extract them? In 2004, Mexico reached its peak […]
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Economical energy – is going green the real solution?
There is one very striking difference between traveling through villages in Hungary and Bavaria, Germany. In Bavaria, almost all the rooftops are covered by solar panels; in Hungarian villages none are. At first glance it would seem that Germany has found its way to clean, sustainable energy. However, this view […]
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An IMF Loan: The Only Real Cure for Egypt’s Ailing Economy
Despite a recent rise in its foreign reserves, Egypt is clearly suffering from an economic crisis as evidenced in its spiralling budget deficit that has now reached around 12% of GDP. As political instability continues, the crisis persists while the government seeks to stem it by taking loans from various […]
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Can West Africa Power Pool adopt off-grid lighting
This article was originally drafted by Terfa Hemen and the Centre for Democracy and Development for the newsletter “West Africa Insight” as part of the Rockefeller Foundation’s Searchlight Process. For more Searchlight content on futurechallenges.org, please click here. Constant electricity supply continues to be a huge challenge for the developing nations of West Africa. Most West African nations have […]