PRESS STATEMENT - AGI COMMENDS GOVERNMENT FOR ELECTRICITY TARIFF REDUCTIONS
The Association of Ghana Industries (AGI) commends Government for the recent announcement of reductions in electricity tariffs across Industry and other consumer categories by the PURC. This is a welcome gesture, coming on the heels of the recent stakeholder consultations. Indeed, electricity drives Industry and all forms of economic activity.
Since the last tariff review in December 2015, high cost of electricity has often emerged as the number one difficulty facing businesses, according to the AGI business barometer reports. Consultations on electricity tariff and calls on Government to re-consider the current tariff levels have since been a major advocacy agenda for AGI and other groups. AGI is therefore happy that this concern has received Government’s attention, taking cognizance of some of the factors we believe impact on energy pricing.
While awaiting details of the gazetted tariffs in the coming days, AGI is optimistic the reductions will open up new prospects for businesses and inure to our competitiveness as a country. We look forward to the new tariffs taking effect from the 15th of March, 2018 with the right billing systems put in place to ensure smooth implementation.
Finally, AGI acknowledges the bold step taken by Government and the PURC towards the electricity tariff reductions and we hope to continue the dialogue to ensure utility rates for Industry remain competitive.
Signed: Dr. Yaw Adu Gyamfi
For and on behalf of Association of Ghana Industries
If you need further information, please contact the Chief Executive Officer on 0302-779023/4