Audio By Carbonatix
Ghana’s hospitality sector has raised concerns over the latest utility tariff adjustments, insisting that the government and the Public Utilities Regulatory Commission (PURC) continue to overlook the true cost drivers.
Speaking to the media, the Chief Executive Officer (CEO) of Coconut Grove Regency Hotel, Ralph Ayitey, said the challenge is not simply high tariffs but the structural waste within the utility system that is being passed on to consumers.
Introducing his concerns, he said, “We will want to see utility tariffs rather than going down, but the PURC is talking about the cost of production. I’ve heard that, for example, electricity, we have transmission losses of up to 40%.”
He continued, “That is quite high. That is very, very high. And as much as we can, it's very, very helpful that we plug that hole and gradually reduce it to the barest.”
Mr Ayitey added that addressing these inefficiencies would significantly ease the financial burden on businesses. “If we can cap in that hole of 40% losses, obviously, there will be a reduction,” he noted.
He concluded, “So for me, it's not necessarily about capacity, but it's about reducing the waste to the barest.”
Latest Stories
-
GRA forms 9-member committee to probe alleged missing containers at Tema Port
37 minutes -
Foreign Minister inspects VFS Global Visa Centre, highlights commitment to service quality standards
52 minutes -
Declan Rice close to agreeing new Arsenal deal
1 hour -
‘Draining’ few days for Gauff after online racist abuse
1 hour -
Media worker, journalist remanded over alleged GH¢800,000 fraud
1 hour -
PAC sends Ghana Water hearing back, demands Minister and MD appear over financial status
2 hours -
Foreign Affairs Minister inspects 20+ visa centres, demands better conditions for Ghanaian applicants
2 hours -
Guardiola set to attend Man City v PSG next week
2 hours -
GACL to hold full-scale emergency simulation exercise on October 15
2 hours -
327 entries submitted for 30th GJA Media Awards
2 hours -
Mahama proposes rent-to-own scheme for unfinished houses
3 hours -
Mahama wants banks to introduce affordable housing loans within six months
3 hours -
Photos from National Conference on Housing Finance
3 hours -
Italy, Ghana unite 40 artists for ‘Beyond Creation’ exhibition at Accra Art Centre
3 hours -
Premature to call for Sports Minister’s removal while CID probe is ongoing – Ernest Norgbey
3 hours