
Audio By Carbonatix
The Association of Ghana Industries is unhappy with the reduction in electricity tariffs announced by the Vice Presidential committee tasked to consider what could be done to mitigate the impact of a recent increase.Whilst residential consumers will enjoy a one percent reduction, some class of commercial consumers will see as much as a 27 percent cut in their tariffs.Mr. Kweku Awotwi, Chief Executive Officer of Volta River Authority and a member of the committee explained the review.“What the three utilities have agreed is that we will all take a 10 per cent reduction in our revenue requirement. That number comes to ¢113 million and we added another ¢2 million just for the residential even though the residential customers were not part of the exercise.“What we did was we took that ¢115million and basically spread it as a subsidy differently across the different customer classes.But the Association of Ghana Industries says the reduction is not good enough.Andrew Quayson who represented the AGI however says they are happy with the automatic adjustment of the tariffs every three months.The committee also managed to clear some misunderstanding with the original increase in June.The Vice President called for the immediate implementation of the review.Source: Joy Business/Myjoyonline.com/Ghana
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
-
GRA to tighten controls on importation of right-hand drive vehicles
18 minutes -
You can’t leave a bigger legacy than Petroleum Hub project – Western Regional Chiefs tell President Mahama
19 minutes -
Lawra MP cuts sod for GH₵11m multipurpose dining hall construction at Birifoh SHS
21 minutes -
Ghana defend African Schools Football Championship title after shootout win over Burkina Faso
24 minutes -
Ghana’s education system must evolve or risk becoming irrelevant – Patricia Obo-Nai warns
31 minutes -
Ghana Health Service responds to dead fish incident at Tema Port
43 minutes -
David Vondee lauds Mahama for emergency Cabinet meeting and key resolutions
50 minutes -
Universities should focus on churning out impactful graduates rather than merely adding new programmes — UEW VC
53 minutes -
Publican AI system is speeding up trade, not slowing it — GRA Boss
56 minutes -
Government to construct a FIFA category 2 stadium in the Volta Region – James Gunu
1 hour -
CAF to introduce reforms to fix AFCON final controversies – Patrice Motsepe
1 hour -
EOCO defends probe into Kwamigah-Atokple
1 hour -
Fuel tanker accident at Breku Forest spills thousands of litres of diesel
1 hour -
IEAG backs Publican AI system after concerns addressed
1 hour -
No new taxes or charges- GRA boss assures importers over rollout of Publican AI system
1 hour