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Thread: Light, Water Bills Reduced

  1. #1
    Super Moderator Dotyaw's Avatar
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    Default Light, Water Bills Reduced

    After being pressurized by industry players and organized labour, among others, the Tariff Committee, which was set up by government to review utility tariffs, yesterday announced new tariffs.

    However, the Public Utilities Regulatory Commission (PURC) is yet to confirm and consequently announce it to the public.

    Subsequently, members of the Association of Ghana Industries (AGI) would also have to meet to agree to the new tariffs.

    Organized labour, including the Ghana Trade Union Congress (GTUC) must also give its blessings to the new tariffs.

    Already, some players in the manufacturing sector have argued that the reduction is small.

    Consumers in the industrial sector would enjoy between 27 percent and 7.5 per cent reduction but manufacturing sector players claim that the real increase in electricity and water bills ranges from 198-235 percent.

    Others say they are paying 298 percent, noting that the downward review is insignificant.

    For non-residential consumers, the tariffs have been reduced by 7.5 per cent, special low tariff medium consumers by 19.6 per cent and special high tariff consumers have their tariffs reduced by 27.2 per cent.

    Kwaku Awotwi, Chief Executive Officer (CEO) of Volta River Authority (VRA) told Joy News that the reduction for residential consumers was meager because they were benefiting from government's intervention.

    This category of consumers pay less when they use between 1 - 50 units of electricity a month.

    According to him, emphasis was placed on the industrial category during the discussions leading to the reduction because of the need for industries to create jobs and the realization that the tariff increases could adversely affect the job creation efforts of industries.

    Some people have argued that the increase in utility tariffs was part of conditionalities of the International Monetary Fund (IMF).

    Dominique Strauss-Khan, Head of IMF, in an interaction with some senior business reporters last year through a video conferencing stated that “electricity tariffs are not adequate to generate resources to boost infrastructure.

    Government cannot continue to provide subsidies for fuel. We have agreed that public sector wages must not go beyond a certain level.

    “If we allow governments to do whatever they want to do it would be difficult for them to redeem their debts. Our job is to provide economic stability and financial growth.”

    From Business Desk

  2. #2

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    It is so easy for bills to be increased but when it comes to decreases, thats a whole ball game all together. Increases in prices of goods and services gets announced to the public within hours but we cant say same for similar decrease....hope the PURC gets the announcements out sooner than later.

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