Ghana raises electricity tariffs by more than 18% amid economic woes
Ghana utility regulator on Wednesday said the average end-user tariff for electricity had been increased by 18.36 per cent for the second quarter of 2023.
According to the regulator, Ghana had previously added almost 30 per cent tariff in the first quarter.
The West African country is grappling with soaring inflation, debt, and a depreciating currency pushing it to default.
It has sought support from the International Monetary Fund, which is expected to approve the first loan tranche of a $3 billion package on Wednesday.
The Public Utilities Regulatory Commission said the tariff hike was due to the net effect of further currency depreciation, inflation, and an increase in the cost of gas.
“Utility companies are under-covering and require an upward adjustment of their rates in order to keep the lights on,” it added, noting that the potential for outages was high.
(Reuters/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Hot news Home top
Circular Road Project: Oyo govt pays N5.35 billion compensation to 578 property owners
The payments followed the screening and execution of Deeds of the Indemnity by the affected property owners.
Hot news Home top
NiMet predicts three-day dust haze, thunderstorms nationwide from Monday
The agency forecast sunny conditions across the North-East throughout the three-day period.
States
My govt success tied to Tinubu’s reforms, says Okpebholo
Mr Okpebholo made the call at an APC campaign rally in Abudu.
States
NPFL: Rangers Int’l FC beat Kwara Utd 1-0 in Awka
The victory marks Enugu Rangers’ third consecutive win since they returned to the Anambra capital as their temporary home.
States
LP agents disrupted Abia event to embarrass Tinubu, says APC
The state APC Publicity Secretary, Uche Aguoru, made the allegations in a statement on Sunday.
World
Poland declares two-day national mourning over Kraków shooting
The shooter opened fire at Kraków’s Main Market Square from a moving vehicle, killing four women and two men.
