The Association of Ghana Industries (AGI) has asked for a review of the current electricity structure to favour industry.
The current structure whereby industry subsidizes residential consumers erodes its competitiveness and is unacceptable, according to association.
President of AGI, James Asare-Adjei who was speaking at the Annual General Meeting (AGM) of the association said, "we will continue to advocate for priority to be given to industry when it comes to power rationing through our membership on the load management committee at the Ministry of Power and other engagements with government."
Speaking on the theme, 'Patronizing made-in- Ghana goods to build strong industries,' he said that businesses have suffered severely as a result of the worsening energy crisis in the country, stating that Ghana has lost tremendously.
"Industrial output has been affected and worse of all investor confidence has also been negatively affected," Asare-Adjei said.
He called for an urgent permanent solution to the energy crisis, advocating for the implementation of Strategic National Energy Plan (SNEP).
There are ongoing discussions on tariff adjustment and AGI is negotiating on behalf of its members, he stated.
Mr. Asare-Adjei said the Public Utilities Regulatory Commission (PURC) has always cited inflation, exchange rate and generation mix as determinants for tariff adjustments under the Automatic Adjustment Formula.
However, AGI was of the view that such determinants that trigger tariff adjustment largely stem from the country's weak macro-economic fundamentals and inefficiencies of the utilities.
"It is therefore unfair to offload the consequences of such inefficiencies to industries," he said.
Mr. Asare-Adjei urged government to stay focused and work hard to improve the confidence level of the business con munity to guarantee further investment in the country's economy.