President Nana Akufo Addo delivers on campaign promise
By Tasie Theodore
Relief has come for electricity subscribers in Ghana with the announcement of a take off date for the planned cut in electricity tariffs in the West African nation.
According to an announcement from the regulators, the Public Utilities Regulatory Commission (PURC), a general reduction in electricity tariffs all over the country would come into effect from March 15, 2018.
Giving a further breakdown on the cuts, PURC says that under the new arrangement, residential customers would enjoy a 17.5% reduction in their tariffs, while non-residential customers will see tariffs cut by 30%.
As for the high-energy consuming mining sector, they have also been awarded a 10% tariff cut, even as there would also be coming into effect a 25% cut for Special Load Tariff Customers (LV, MV & HV).
The statement from PURC announcing the changes was signed by the body’s Executive Secretary, Mrs. Mami Dufie Ofori.
According to the commission, the decision was arrived at after extensive consultations with stakeholders in the sector. In addition to this, detailed analysis was carried out on proposals tendered by companies in the power distribution chain.
“The PURC after extensive stakeholders’ consultations, detailed technical analysis of utility tariff proposals and consideration of inputs and concerns of consumers, has approved tariff reductions for various electricity consumer categories, effective 15th March 2018.”
Among others, the Commission reportedly received tariff proposals from a wide range of utility service providers in the electricity sectors that include the Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Northern Electricity Distribution Company (NEDCo) and the Enclave Power Company Limited (EPCL).
It will be recalled that lowering electricity tariffs as a stimulus for revving up economic growth was a campaign promise of the one-year old administration of President Nana Akufo-Addo.
President Nana Akufo-Addo: A promise fulfilled!