For Ghanaians, so far as utility tariffs review is concerned, the adjustment is always upward. However, the Public Utilities Regulatory Commission (PURC) says all hope is not lost when it comes to tariff reviews.
According to the Commission’s Executive Secretary, Ishmael Ackah, Ghana stands a chance of having its utility tariffs reduced and not increased per usual.
For this to be achieved, however, he said the exchange rate and inflation rate must remain stable or experience a drop in its figures.
“So our hope is for the exchange rate to remain stable or even fall if possible. Inflation would remain stable or even if it will go up, not so much like the June level. If some of these things happen, we will reduce the tariffs,” he said on JoyNews’ PM Express.
Speaking about the quarterly review of utility tariffs, Mr Ackah said the purpose was to track and incorporate changes in key factors used in determining natural gas, electricity and water tariffs.
He also explained that the mechanism aims to ensure that the public is not overburdened with a heaped-up increment at a go after years of no review.
Read More: Water, electricity tariffs to go up again on September 1, 2023 – PURC
On Tuesday, August 22, the PURC announced an increase in electricity and water tariffs by 4.22 % and 1.18% respectively, effective September 1, 2023.
A statement, the PURC noted that, “The Commission however approved a 4.22% increase across board in the average end-user electricity tariff for non-lifeline residential customers.”
It added that, “For the average end-user for water, life-line customers will experience no increase or change in tariff. The Commission however approved a 1.18 % increase in tariff for all other water customer group”.
Latest Stories
-
GH¢177m approved to clear trainee nurses allowance arrears – Bawumia
1 min -
Deputy AG advocates for regulation of transnational companies to reduce pollution
47 mins -
Limited registration chaos poses a risk for December polls – Peace Council worried
47 mins -
Ghana could lose its enviable position as the 2nd leading producer of cocoa – GAWU
52 mins -
WAFU B U-17 Cup of Nations: 5 Black Starlets players to watch as tournament begins
52 mins -
The NLA Good Causes Foundation: Igniting hope and optimism through the power of games
1 hour -
Krachi East: Former MCE to be laid to rest in November 2024
1 hour -
$100m allocated to support SMEs through Ghana Integrated Financial Ecosystem
1 hour -
Paris Olympics: Ghanaian athletes pushing to book qualification
1 hour -
IES: Fuel prices expected to slightly decrease
1 hour -
Government to disburse ¢2m to support dialysis treatment – NHIA CEO
2 hours -
KATH installs additional dialysis machines to offer kidney treatment to more patients
2 hours -
Delay in approving new ministers affecting gov’t business – Fatimatu Abubakar
2 hours -
WAFU B U-17 Cup of Nations: ‘We are ready’ – Laryea Kingston
2 hours -
Today’s front pages: Wednesday, May 15, 2024
2 hours