The Minority in Parliament has vowed to summon the Public Utilities Regulatory Commission (PURC) over the recent 2.45% increase in electricity tariffs.
The Caucus is demanding clarity and justification for the increment, citing improving macroeconomic indicators that, in their view, do not support such an adjustment.
Addressing a press conference on Thursday, the Ranking Member on the Energy Committee, George Kwame Aboagye, questioned the rationale behind the upward review.
“The exchange rate peaked this year at GHS15.527 but is now around GHS10.30. Inflation, which stood at 22.4% in March, dropped to 21.2% in April and further to 18.1% in May. It is projected to decline to around 16% in June. So, why the increase?” he queried.
He argued that with hydro and solar energy sources accounting for about 30% of Ghana’s energy mix and remaining stable, there is no solid basis for the tariff hike.
“There is no justification for the increase. About 70% of our generation relies on fuel—gas, Heavy Fuel Oil (HFO), and Light Crude Oil (LCO). Most generators are dual-cycle, so if HFO and LCO prices rise, we can switch to gas. The price of gas has not gone up,” he explained.
Citing the 2025 budget, Mr. Aboagye noted that utility tariffs are to be reviewed quarterly, with changes based on prevailing economic conditions—either upward or downward.
“You cannot just wake up and increase electricity tariffs by 2.45%. PURC must come forward and explain this decision to Ghanaians,” he said firmly.
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