Electricity has become one of the inelastic goods in our world today. The
proper functioning of most equipment today relies on electricity. Taking
Tarkwa which is a mining community into consideration, the various mines,
schools, shops, banks and other companies in the municipality massively rely
on electricity for their day to day running. Therefore, knowing the exact
amount of electricity to produce and distribute for the smooth running of
businesses and basic living is of great necessity. This study compared and
formulated a model to forecast and predict the daily electrical energy
consumption in Tarkwa for the year 2019. The data used was a monthly dataset
for the year 2018 and it comprised of the temperature, wind speed,
population and electricity consumption for Tarkwa. The methods used were
Artificial Neuro-Fuzzy Inference System (ANFIS) and Autoregressive
Integrated Moving Average (ARIMA). The ANFIS was used as a predictor to
predict the electricity consumption based on the training and testing of the
dependent and independent variables. The ARIMA was used to forecast the
dependent and independent variables for 2019. These simulations were done
using MATLand Minitab. The results of the analysis revealed that the
training and testing dataset allowed ANFIS to learn and understand the
system but the ANFIS could only forecast the 2019 electricity consumption
after the input data to the system was changed to the ARIMA forecasted 2019
independent variables. It was observed that the amount of electricity
consumed in 2019 increased by 14%.