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
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.”
NationWide
House Rules Forgery: Gbajabiamila adjourns plenary indefinitely over fear of impeachment
Last week, Peoples Gazette reported that lawmakers threatened to impeach Mr Gbajabiamila, accusing him of forging the House’s standing rules in favour of Tajudeen Abass as his successor.
NationWide
Atiku says Nigerians demoralised over U.S. decision to endorse sham Tinubu election
“This is inconceivable considering that America, as the bastion of democracy, is well briefed on the sham election of February 25.
NationWide
Strike: Buhari regime says negotiation ongoing; resident doctors deny
“Issuing threats will definitely worsen the problem. If no work, no pay is implemented, our members will determine how we will handle it.
NationWide
NEMA receives another batch of 143 repatriated Nigerians from Niger Republic
“The returnees are from different parts of Nigeria, particularly Katsina, Kano, Adamawa, Lagos, Enugu and Edo states, among others.
Health
202 died of COVID-19 in Oyo: NCDC
Mr Adigun said there had not been an increase in the number of recorded people infected with the virus nowadays because people were no longer coming out for tests.
States
Ondo revenue agency apprehends 35 motorists without valid vehicle papers
Mr Samuel appealed to road users in the state to adhere to traffic laws, adding that the state government frowned at motorists using foreign number plates.
