Audio By Carbonatix
Electricity tariffs are expected to go up by the end of the year as the energy situation improves.
Mr. Kwame Pianim, the chairman of the Public Utility Regulatory Commission (PURC), has disclosed that government would remove subsidies on electricity by the end of the year to make way for the entry of the private sector in power generation.
Mr. Pianim was speaking to Joy News on Tuesday.
He said even though he is not very sure of the extent of increase, he thinks the difference would be an upward adjustment of about 20%.
He told Joy News that last year when government wanted to adjust the price upwards the cost was shifted to industry, but this time round to achieve full cost recovery for the electricity sector, the cost would be passed on to the consumer.
Meanwhile, the operation of emergency plants at Tema is expected to boost the energy supply needs of the country and hopefully end the black outs.
It has been exactly one year today, August 28, when the Volta River Authority (VRA), announced the nationwide power outages.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Netherlands donates new scanners to boost Ghana’s fight against drug trafficking
6 minutes -
CEDA commends Lands Minister over lithium agreement talks amid resignition demands
8 minutes -
NPP Flagbearer Race: Reckless politics threatens party unity — Kozie warns
36 minutes -
R2Bees drop ‘Two Two’ and ‘Awurade Aye’, hint at 2026 EP
43 minutes -
‘There Is Rice At Home’ returns to the stage on December 18
56 minutes -
77th Mafi Hogbetsotso: Traditional leaders call for unity and peace to drive development in Central Tongu
2 hours -
Lands Ministry touts gains in forest restoration
2 hours -
Building capacity for climate action: The CAP25 Story
2 hours -
Chamber of Mines urges caution over proposed mineral royalty reforms
2 hours -
Ghana has serious domestic challenges; international charity demands careful scrutiny – Afenyo-Markin
2 hours -
IMF Board approves Ghana’s 5th Programme review, $300m+ disbursement expected
2 hours -
Kwesi Botchway Jnr seeks status report from Attorney-General on EOCO galamsey probe
2 hours -
Minority’s call for Lands Minister’s resignation lacks substance – Ministry
2 hours -
President Mahama cuts sod for Ho Oxygen City Project
2 hours -
Minority demands clarification on GH₵10m relief donations and Ghanaian troop deployment
3 hours
