The addition of loan repayments in the 'loans' scenario leads to a contrast in impacts between the private an public sectors. Public services (health, education and public administration) face a decrease of 1% in the first year after commissioning given that the government budget compensates for the differences between the sales of generated project electricity and annual loan repayments. Outside the public sector, all the other activities see a further increase in output compared to 'electricity-only' due to larger exported volumes determined by a higher exchange rate (export figures to be added in SI).
In the 'resource-secured loans' scenario, the higher demand for cocoa exports after the project commissioning leads to a further increase in agricultural production but also to higher prices for agricultural commodities having a negative secondary impact on the agrifood industry - the demand for cocoa increases land rents in agriculture which are further reflected in the market prices of inputs used in food processing activities. Outside these two sectors, the economy is adjusting to higher agricultural output through overall higher investment levels reflected by an increase in the construction activity. Except for public services, the other sectors still have higher output compared to the baseline. Nevertheless, they are gradually picking up their the the activity levels, surpassing the values obtained in the other two scenarios after 8-12 years from the start of the loan export export export arrangement.