News
PURC reduces electricity tariffs by 4.81% and water tariffs by 3.06%
The Public Utilities Regulatory Commission has announced a reduction in electricity and water tariffs for the second quarter of 2026.
According to the Commission, electricity tariffs will reduce by an average of 4.81 percent while water tariffs will go down by 3.06 percent.
The new tariffs will take effect from April 1, 2026.
In a press release issued on March 13, 2026, the Commission explained that the review forms part of its quarterly tariff adjustment mechanism which allows it to reflect changes in key economic indicators that affect the operations of utility service providers.
It noted that the quarterly review considers factors such as the exchange rate between the Ghana cedi and the United States dollar, the rate of inflation, the cost of fuel used in electricity generation, and the mix of electricity generation sources.
The Commission indicated that it applied a projected weighted average exchange rate of GHS11.1931 to one United States dollar for the second quarter of 2026.
This represents a 6.78 percent reduction from the previous quarter rate of GHS12.0067 to one dollar.
It explained that a three month average inflation rate of 4.17 percent was used for the review period, which reflects a downward change of 47.87 percent compared to the previous quarter.
The Commission further stated that the weighted average cost of gas used for power generation increased slightly to 8.0988 dollars per MMBtu, representing an increase of 2.84 percent from the previous rate.
It added that the electricity generation mix for the period remains unchanged, with 20.90 percent coming from hydro sources and 79.10 percent from thermal generation, as outlined in the 2025 Multi Year Tariff Order.
The Commission explained that these adjustments are meant to maintain the real value of tariffs so that utility service providers remain financially stable while continuing to deliver reliable services to consumers.
It announced that, for the first time, a commercial electric vehicle charging tariff has been introduced to support the transition to green energy.
According to the Commission, the new tariff is expected to encourage the growth of electric vehicle charging services in the country.
By: Jacob Aggrey
President John Dramani Mahama has arrived in Libreville, Gabon, to participate in the inaugural Libreville International Forum for Innovation and Development, a high-level event that brings together Heads of State, government officials, global investors, and technology experts.
The forum, being held under the patronage of Mr Brice Clotaire Oligui Nguema, President of the Republic of Gabon, is on the theme “Political Stability, Business Climate, and Artificial Intelligence: Catalysts for Growth.”
The forum seeks to position Gabon as a regional innovation hub and key destination for international investment.
Organisers are holding the Forum to inaugurate the newly constructed Omar Bongo Ondimba Congress Centre, which also serves as the venue for the Forum and as a future centre for international dialogue.
The forum will culminate in the “Libreville Declaration,” which will showcase the strategic political leaders’ commitments to enhancing governance, transparency, and digital integration across the continent.
President Mahama remains a strong advocate for fostering partnerships that bridge the gap between government policy and private-sector growth to ensure inclusive development.
Former Energy Minister Boakye Agyarko has informed the New Patriotic Party’s 2028 flagbearer, Mahamudu Bawumia, of his decision to contest for the position of National Chairman of the party.
Mr. Agyarko disclosed this during a courtesy call on Dr. Bawumia on May Day.
According to a statement from his team, the visit gave him the opportunity to commend the former Vice President for his service to both the New Patriotic Party and the country.
During the meeting, Mr. Agyarko, together with members of his campaign team, formally notified Dr. Bawumia of his planned nationwide tour as part of his campaign for the National Chairman position.
He reaffirmed his support for the former Vice President and stressed the need for unity within the party ahead of the 2028 general elections.
Mr. Agyarko said the NPP must remain united and committed to securing victory in the next elections.
According to the statement, his nationwide tour is expected to begin in the Ashanti Region next week.
By: Jacob Aggrey
