Accra, Ghana
36°C

GSE Feed

Forex Rate

Tag Archives: vra

Underpricing ‘killing’ utility providers in sub-Saharan Africa – World Bank

World Bank’s Africa Region Chief Economist, Albert G. Zeufack

The World Bank has identified under pricing as the biggest threat to the survival of utility companies providing electricity, in sub-Saharan Africa. As a result, the Bank is predicting of a possible drop in private sector participation to improve operations of such companies if the situation remain unresolved. The World Bank attributes the worrying impact of underpricing to what it ...

Read More »

ACEP demands clarity on basis for reducing electricity tariffs

Benjamin Boakye - Executive Director of ACEP

The African Center for Energy Policy (ACEP) is urging the Public Utilities Regulatory Commission (PURC) to provide details on factors that influenced the margin of reduction in electricity tariffs. ACEP argues its analysis proves that only the transmission service charge has been reduced while the bulk generation and distribution service charges have gone up for the period. According to the ...

Read More »

ECG rolls out tariff reduction from today

Samuel Boakye-Appiah - MD,ECG

From today, April 1, 2018, consumers should be paying less for the electricity they consume as the ECG begins the implementation of the reduction in tariffs announced in March this year. The Public Utilities Regulatory Commission (PURC) on March 5, 2018, announced a reduction in electricity tariffs of between 17 and 30 percent for residential and commercial consumers. Though the ...

Read More »

NEDCo dissatisfied with utility tariff reduction

nedco

The Northern Electricity Distribution Company (NEDco) has expressed its reservation at the decision by the Public Utilities Regulatory Commission (PURC) to reduce electricity tariffs for consumers, effective March 15, 2018. The power distributor however says it is ready to comply with the PURC’s directive. The utility regulator on Monday, March 5, 2018 announced that it has reduced electricity tariffs between 10 ...

Read More »

PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses

purc

The Public Utilities Regulatory Commission (PURC), has announced a general reduction in electricity tariffs effective March 15, 2018. Residential customers per the new tariff cuts are to enjoy a 17.5% reduction, while non-residential customers will see tariffs cut by 30%. Those in the mining sector have also been given a 10% tariff cut, and 25% cut for Special Load Tariff ...

Read More »

Electricity tariffs to drop below govt’s proposed 14%

purc

Citi Business News is learning that government’s proposed reduction in electricity tariffs for consumers may not yield much as expected as the Public Utility Regulatory Commission (PURC), finalizes its tariff adjustment for this year. Government in the 2018 budget suggested that it is working to reduce tariffs by some 14 percent on the average, for industrial and residential users. But ...

Read More »

Gov’t reaffirms reduced tariffs despite high proposals

Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi

Government is optimistic of a reduction in the cost of electricity for the rest of this year. The optimism comes despite proposals for an increase in utility tariffs by service providers. This also follows a stakeholders’ forum ahead of the announcement of new tariffs by the end of this month. The average 14 percent reduction in the cost of electricity ...

Read More »

Ministry prioritizes communities displaced by Volta Lake Project

Energy Minister, Boakye Agyarko with Board of Volta Resettlement Fund

Energy Minister, Boakye Agyarko has stressed his outfit’s commitment to improving livelihoods in communities affected by the construction of the Akosombo Dam on the Volta River. He explains that his ministry will work to generate funds to address critical issues confronting residents in such communities. Mr. Agyarko believes addressing the funding needs is critical to sustaining the livelihoods of such ...

Read More »

New powership to add 470MW to national grid

Karadeniz-Powership-Osman-Khan-1-600x330

Karpowership Ghana Company Limited has reiterated its commitment to the supply of uninterrupted and consistent electricity to the national grid. This assurance was given at the inauguration of its new 470 megawatts Karadeniz Powership Osman Khan at the Tema main harbour yesterday [Thursday] to help in the supply of consistent electricity power in the country. This to adds up to ...

Read More »

PIAC criticizes Finance Minister for breaching petroleum laws

Ken Ofori-Atta - Finance Minister

The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori Atta has breached Section 29 of the Petroleum Revenue Management Act, hence must work to resolve the situation. This is among the findings ...

Read More »
Citi Business News