Describing the situation as harsh, the Chief Executive of the Ghana National Chamber of Commerce and Industry (GNCCI) pointed out in an interview that, businesses were expecting moves that will reassure them—not a further increase in their cost of production.
Yesterday, Friday, 1st July 2022 was the initial date set for the announcement of the Commission’s decision on the review of water and electricity tariffs for 2022-2027, but, for the major interest of Ghanaians, had to extend the date to 15th July 2022.
Though PURC is still considering a number of things, the utility firms will not get the huge margins they had proposed
Chief of Staff, Frema Osei-Opare has said all the stakeholders must make their voices heard in the process of announcing new utility tariffs by the Public Utilities Regulatory Commission (PURC).
According to the PURC, the tariffs could be increased or decreased. The Director of Research at PURC, Dr Eric Kofi Obutey, has said, the Commission is engaging all the stakeholders to arrive at tariffs that will serve the need of Ghanaians as well as the service providers. The stakeholders as the Parliamentary Select Committee on Mines and Energy; Association of Ghana
The Electricity Company of Ghana and Ghana Water Company Limited have proposed an astronomic increase in tariffs for the year 2022. ECG is demanding a 148% increase in electricity tariff, whilst the Ghana Water Company Limited wants 334%.