An economist at the University of Ghana has criticized the Public Utility Regulatory Commission over its decision to maintain utility tariffs at the first quarter rates.
Professor Godfred Bokpin is not convinced about the decision announced by the regulator that prices will remain unchanged after the first quarter because factors considered in the automatic adjustment formula have been stable.
On April 15, Director of Public affairs at PURC, Nana Yaa Jantuah hinted the Commission was not going to increase utility tariffs in the country.
According to her, after the Commission applied the Tariffs Automatic Adjustment Formula (AAF) - a system used in the calculation of utility tariffs in the country, it realized there was no cost to be passed on to consumers.
Speaking to Joy News, Public Relations Officer of the Ghana Water Company Limited (GWCL), Stanley Martey welcomed the announcement as good news.
He said considering the public dissatisfaction and debate the December 2015 tariffs increment generated in the country, it will be unfortunate for the PURC to increase tariffs again.
Mr. Martey said Ghanaians should be given some period of time to adapt to the last increment before an addition is made.
But speaking to Joy News, Prof. Bokpin contended PURC was pressured to arrive at that decision.
The economist said he sees the possibility of the regulator imposing hefty tariffs on consumers in the foreseeable future
Latest Stories
-
Shortage of ‘bentua’ hits Accra Central
40 mins -
Arsenal beat Everton but miss out on Premier League title
54 mins -
Man City win record fourth English title in a row as Foden scores twice
1 hour -
I’ve initiated legal processes to protect my daughter and I from Medikal – Fella Makafui
1 hour -
FIFA seeks ‘legal expertise’ before decision on Israel soccer ban proposal
1 hour -
Man United end worst Premier League campaign with win over Brighton
1 hour -
Watch: Car runs over 5 people, killing police at Abrepo junction
2 hours -
Essikadu premix fuel explosion: Two deaths recorded
3 hours -
Infinix Ghana wins Smartphone Brand of the Year at Ghana-West Africa Business Excellence Awards
4 hours -
Helicopter in Iranian president’s convoy crashes – state media
4 hours -
Fella underwent surgery to advertise her slim tea business – Medikal
4 hours -
‘Take precaution, don’t be in a hurry to go and die’ – Author advises road users
4 hours -
Crystal Palace on the right track under Glasner – Ayew
5 hours -
16 injured in Essikadu premix fuel explosion
5 hours -
Moving car catches fire near Adum STC
7 hours