Tag: Tariffs
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Utility tariff increase will cripple businesses – AGI
The Association of Ghana Industries (AGI) has expressed disappointment at the Public Utilities Regulatory Commission (PURC) for announcing an upward adjustment in utility tariffs. Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups whiles electricity and natural gas is also expected to go up by 18.36%.…
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Timing for proposed increment in electricity tariffs wrong – Consumer Protection Agency
The Chief Executive Officer of the Consumer Protection Agency, Kofi Kapito, says any possible increment in electricity tariffs would be ill-timed. Though he acknowledged the need for an increase in tariffs, he has instead urged the Public Utility Regulatory Commission (PURC) to focus on seeking compensation for customers who have lost electrical gadgets due to…
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China halves tariffs on more than 1,700 US goods
China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut from to 5% from 10%, and on others from 5% to 2.5%. The two countries have been stuck in a long-running trade…
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Kwame Pianim calls for 30 percent increase in electricity tariffs
Economist and Investment Consultant, Kwame Pianim has called for a thirty percent increase in electricity tariffs to help in correcting the books of all players within the energy sector with regards to the legacy debts. The comment comes at a time where the Public Utility Regulatory Commission is expected to announce major tariff decisions for…
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Freight forwarders kick against expected increase in port tariffs by MPS
Freight Forwarders at the Tema Port are kicking against a request by the Meridian Port Services, MPS, for an increase in port charges at its new terminal. The freight forwarders say any increase in tariffs will overburden importers. The Vice President of the Ghana Institute of Freight Forwarders, Johnny Mantey, says the proposed 11% increase…
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We’ll reduce import values by 50% by Thursday – Bawumia
The government will reduce benchmark import values at Ghana’s ports by 50% effective Thursday, 4th April 2019. The Vice President, Mahamudu Bawumia who made this known at a town hall Meeting on Wednesday said the import value for cars will also be reduced by 30%. “To reduce the incidence of smuggling and enhance revenue, the…