Utility tariffs, Water and Electricity have been increased by 8.30% and 29.96% respectively as announced by The Public Utilities Regulatory Commission (PURC).
The Public Utility Regulatory Commission (PURC) issued a statement on Monday, January 16, 2023 and signed by the Executive Secretary of the PURC, Dr Ishmael Ackah.
This announcement indicates an upward adjustments in utility tariffs for the first quarter of 2023.
The upward review of the tariffs is premised on the exchange rate volatility, rising inflation, generation mix and weighted average cost of natural gas – the statement highlighted.
Meanwhile the commission approved a 27.15 per cent increase in electricity and 21.55 per cent increase in water on September 1, 2022, which sparked an outcry from Ghanaians due to the economy hardship.
Customers are expected to begin payment of these new tariffs on February 1, 2023.
The Public Utility Regulatory Commission (PURC) has approved varying rate adjustments.
Among them include reductions for selected industrial and commercial consumers as part of the ongoing restructuring of the existing water rate structure.
Most customers have described these new increment as unfortunate as major tariffs adjustments were done by the commission in September last year.