The Public Utility Regulatory Commission (PURC) has announced an 18.6% hike in tariffs for the next quarter.
The executive secretary of the PURC, Dr. Ismael Ackah, said that the Commission had to balance the interests of both consumers and utility providers in making this decision.
He said that the PURC was aware of the “current economic challenges” faced by consumers, but also had to ensure that utility providers had enough funds to “continually provide quality service to consumers.”
He revealed that the Commission had calculated a 27.51% increase in tariffs to cover an estimated GH¢1.315 billion shortfall, but decided to reduce it to 18.6% to recover GH¢877.70 million, leaving a debt of GH¢437.22 million for electricity.
He made these remarks at the PURC media fellowship program on May 27, 2023.