Management of Household Budget In Relation to Erratic Utilities Changes in Ghana
Journal Title: International Journal of Management Sciences - Year 2014, Vol 3, Issue 10
Abstract
In the wake of recent increase in utility prices across in the Ghana, this cross sectional survey conducted among 100 households in the Ga East Municipality sought to examine its effect on the utility price increases on the budgeting of households and bring to light some of their coping strategies.. Findings revealed utility price increase is a predictor of household budget. It therefore implied that the respondents in the Ga East Municipality are affected with the price increase in utilities as such adjust their budget. Again, using Pearson Product Moment correlation a relationship was depicted that household adjustment to utility price increase was positively correlated and significant with household income (p <.01). Finally, most of the households had resorted to cutting down the use of high-power consuming household equipment such as heaters, microwaves, washing machines etc. as a coping strategy.
Authors and Affiliations
Irene Akuamoah-Boateng
Keywords
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