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    Gold-for-oil: Govt spent $40m on first consignment – NPA

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    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

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    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    MTN to fight $773m tax bill from government

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    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Electricity tariffs up by 59.2%, water 67.2% ahead of Christmas

bycitibusinessnews
December 7, 2015
in Business, Local Economy, Top Stories
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The Public Utilities Regulatory Commission (PURC) has increased electricity and water tariffs by 59.2% and 67.2% respectively ahead of the Christmas season.

[contextly_sidebar id=”gJcBJHdx8i2FFPhY0Et6fF8zHE29Rwc8″]The Commission explained that it increased the tariffs after a “careful investigation” of proposals submitted by the utility service providers. The proposed increment takes effect from December 14, 2015.

The Commission says it considered inputs and concerns of consumers and key stakeholders who were consulted.

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The utility providers in the country were asking for a 100% increment in utility tariffs, citing high cost of operation among others as reasons for their demand but some stakeholders including the Trades Union Congress asked the PURC to defer the increase.

Many have argued that the continuous increment in utility tariffs, is as a result of the huge debt government owes the various utility companies, hence the need for government to pay the debt rather than push the cost of consumers who do not get value for money.

Earlier reports suggested that the President had ordered the PURC to increase tariffs to offset about $80 million debt owed by the Volta River Authority (VRA).

But the PURC debunked the reports, saying it had not received any official directive from the President ordering it to increase tariffs.

The increment comes at a time when Ghana is going through one of the worst load shedding periods.

–

By: Marian Ansah/citifmonline.com/Ghana

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