Audio By Carbonatix
Residential consumers are likely to be charged more if they consume electricity above the maximum consumption level.
This comes after the Ministry of Finance directed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) to liaise with the Ghana Revenue Authority to ensure the changes take effect from January 1, 2024.
According to the Finance Ministry, the move has been necessitated as part of the government’s medium-term revenue strategy and the International Monetary Fund supported Post Covid-19 Programme for Economic Growth (PC-PEG)
The ministry also backed the directive with Sections 35 and 37 and the first schedule 99 of Value Added Tax (VAT) Act, 2013 (ACT 870) which allows a review of tariffs.
They were however quick to add that VAT is still exempt for a “supply to a dwelling of electricity up to a maximum consumption level specified for block charges for lifeline units”.
Though the Ghana Revenue Authority is yet to publicly announce its implementation, sources say the directive could be in full force.
Latest Stories
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
58 minutes -
FDA urges consumers to prioritise safety when purchasing products during festive season
1 hour -
President Mahama calls for single-digit interest rates on agricultural loans
1 hour -
President Mahama urges Ghanaians in formal jobs to take up farming
1 hour -
Farming interventions paying off, lifting incomes and food security, says Agric minister
2 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
2 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
2 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
2 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
3 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
3 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
3 hours