The International Monetary Fund (IMF) has endorsed Ghana’s planned utility tariff increases, describing them as essential for tackling inefficiencies and attracting investment into the country’s struggling electricity sector.

Speaking at a press briefing in Washington, D.C., on Thursday, 11 September 2025, the IMF’s Director of Communications, Julie Kozack, linked the Fund’s support to the wider objective of restoring financial stability in the energy sector.

“What is essential from our perspective is that any tariff adjustments in the electricity sector aim to address longstanding inefficiencies, support much-needed investment, and prevent the build-up of arrears in the sector,” she explained.

Ms Kozack stressed that the Fund’s involvement extends beyond tariff reforms. “More generally, we are continuing to support broader sector reforms, including private sector participation in ECG operations,” she noted. These reforms, she said, are central to efforts to enhance the performance of state-owned enterprises and reduce fiscal risks.

Her comments come as the Public Utilities Regulatory Commission (PURC) weighs new tariff proposals, expected to take effect from 1 October 2025.

The Commission is currently consulting stakeholders on requests from utility providers, among them the Electricity Company of Ghana (ECG), which has proposed increases of more than 200 percent.

The intended review seeks to restructure the sector’s mounting debt burden while safeguarding the long-term sustainability of power supply in Ghana.