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Utility Tariffs Likely To Go Up In July – IES
Electricity and water tariffs are likely to go up in July this year, the Institute for Energy Security (IES) has projected.
Nana Amoasi VIII, Energy Analyst and Executive Director of the Institute said “from all indications, there will be an upward review of the current tariff.”
He said: “We must brace ourselves for electricity tariff increment so we can save both the distribution and transmission grid from collapsing and have some reliable power supply.”
He added: “It’s quite unfortunate that it has become a pressing issue to bite at this time when Ghanaians are going through tough times, but it’s still necessary to pay a little more for the utilities to invest to save the grid from collapsing.”
The Energy Analyst noted that Ghana had not seen any major tariff increases in the last seven years, yet the operational cost of electricity continued to rise, hampering the work of utilities.
He was of the view that if electricity consumers were not made to pay a little more to enable the service provider to invest, “… the power system may collapse…”
He said: “Between 2015 and now, electricity tariff has not seen any significant rise. Meanwhile, the operational cost of the utilities has been rising year on year partly due to foreign exchange losses through obsolete equipment and power lines, and increasing cost of borrowing to finance their operations.
The IES Executive Director called on the Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCo) to be prepared to work more to stop the increasing commercial losses they incurred.
He said: “They should make sure that the sacrifices that Ghanaians are being asked to make by paying more for electricity in such a challenging time reflect an increased reliability in power supply within the shortest possible time.”
Dr Ishmeal Ackah, Executive Secretary of the Public Utilities Regulation Commission (PURC), told the Ghana News Agency that the Commission, together with key stakeholders were reviewing the country’s electricity and water tariffs.
He said as to the current tariff being increased, reduced or maintained: “We’re all asking the same question.”
Source: GNA
The Heartfelt Philanthropy Network and fellows of Elevate Africa Fellowship have visited the Street Academy in Accra to support its efforts to improve the welfare and development of children.
The visit formed part of efforts by the organisations to give back to the community and promote opportunities for children through education, healthcare and other social support programmes.
Ms Yvonne Abba-Opoku, Founder and Director of the Heartfelt Philanthropy Network, said the organisation had supported the Street Academy since 2019 because of its commitment to serving vulnerable children. Read More.
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Alberta Afia Asomaniwa Akoto, popularly known as “Landlady,” has declared her intention to contest as the Parliamentary Candidate for the New Patriotic Party (NPP) in the Okaikwei North Constituency.
In a statement shared on Friday, Ms. Akoto said Okaikwei North has been her home for more than 40 years, where she has lived among the people, shared in their joys and challenges, and built lasting connections with the community.
“I am in the race because I believe our community deserves dedicated service, a listening ear and a strong voice. I am ready to work with you, listen to your concerns and help build a brighter future for Okaikwei North,” she said.
“Dear Okaikwei North, your girl is here one of your own, ready to serve,” she added.
Ms. Akoto said service is not just a responsibility but a commitment to the people and the community they call home.
Having dedicated herself to serving and supporting the people of the constituency, she said she wishes to continue the journey of service with renewed commitment, greater dedication and a stronger vision.
Her vision, she noted, is to build on the progress made, listen to the concerns of the people, empower the youth, support women, create opportunities and champion development that benefits every community in the constituency.
“I believe that together, we can build a stronger, more prosperous and inclusive Okaikwei North,” she added.
By Edem Mensah-Tsotorme
