Audio By Carbonatix
The Ghana Union of Traders’ Associations (GUTA) has appealed to the Public Utilities Regulatory Commission (PURC) to reconsider and suspend the implementation of newly approved electricity and water tariff increases set to take effect on July 1, 2026.
The call follows PURC’s announcement of its third-quarter tariff review, which raised electricity tariffs by 3.49 per cent and water tariffs by 0.85 per cent.
The Commission attributed the adjustments to factors including exchange rate movements, inflation, fuel costs and changes in the power generation mix.
In a statement issued on June 24, GUTA challenged the rationale behind the increases, arguing that the reasons advanced by the regulator have been repeatedly used to justify tariff hikes over the years.
The Association maintained that recent economic indicators do not support any upward adjustment in utility charges.
According to GUTA, the cedi’s average depreciation of 4.18 per cent between April and May was too marginal to warrant higher tariffs. It also noted that inflation only increased slightly from 3.4 per cent in April to 3.7 per cent in May.
In addition, the Association pointed to recent reductions in fuel prices, with petrol declining by 9.3 per cent and diesel by 1.7 per cent during the second pricing window of June.
Rejecting concerns about power generation challenges, GUTA argued that there are currently no significant issues affecting the generation mix, as power plants are operating normally.
“The cedi indeed depreciated by an average of 4.18% between April and May, but this depreciation is insignificant, which does not call for any increment. Inflation just rose from 3.4% in April to 3.7% in May, which is also minimal. Regarding fuel prices, they fell in the second pricing window in June. Petrol fell by 9.3% and diesel by 1.7%. On the issue of Generation Mix, there is no problem, as all the machines are working. PURC has no justification for this tariff increment,” the Association stated.
Latest Stories
-
Asiedu Nketiah says he will declare presidential ambition ‘when the time is up’
1 hour -
You cannot hide your ambition and expect people to vote for you – Asiedu Nketiah’s 2028 Message
2 hours -
I won’t declare NDC Chairmanship re-election bid before internal elections – Asiedu Nketia
2 hours -
I have never ruled any position out – Asiedu Nketiah keeps presidential ambition alive
2 hours -
Ghana needs fixed campaign periods to reduce election distractions – Asiedu Nketia
2 hours -
Asiedu Nketiah brushes off Haruna Iddrissu’s ‘proper Thank-You Tour’ jab
2 hours -
I’d be a stupid Chairman if I sat idle – Asiedu Nketiah defends Thank-You Tour
3 hours -
Asiedu Nketia calls for state funding of party primaries, says 2014 one-member-one-vote exercise cost GH¢14m
3 hours -
I don’t need a Thank-You Tour to sell myself – Asiedu Nketiah rejects presidential agenda claims
3 hours -
One year is enough to replace delegates system with one-member-one-vote – Asiedu Nketia
3 hours -
Mahama addresses the joint sitting of Jamaican Lower/Upper Houses in Kingston
3 hours -
Mahama pays tribute to Marcus Mosiah Garvey in Jamaica
4 hours -
Magistrate court remands two over alleged murder of suspected burglar
4 hours -
GoldBod hasn’t lost GHS200m; Dominic Bonsu was never my bodyguard — Sammy Gyamfi rebukes Kofi Bentil
4 hours -
Why should gov’t choose 3 candidates for us? – John Darko rejects MMDCE selection model
4 hours