The government managed to secure a tariff reduction for Ghanaians earlier this year when the latest tariff review was carried out by the Public Utilities and Regulatory Commission (PURC), but that relief could prove to be shortlived and indeed, more damaging in the long run.
In the latest tariff review process, which is currently ongoing between the PURC and stakeholders in the sector including ECG, VRA, GRIDco and others, the national power distributor is asking for an increase in tariffs by as much as 38%.
ECG argues that the tariff reduction, which was implemented over their objections, has led to the company making huge losses and they now need to make up for it with the increase.
Residential customers received a 17.5% decrease in electricity tariffs earlier this year and to make up, could receive a 38% increase.
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The request by ECG might not necessarily be granted by the PURC – they asked for an increase last year but in the end a reduction was rather approved – but Ghanaians must be aware that the increase might still be coming.
If approved this would completely negate the price decrease, and as we mentioned earlier would even make things worse for Ghanaians in the long run.
At a time of such economic anxiety, prices of everything going high whilst wages remain stagnant, this would simply add more troubles on the neck of Ghanaians.