The cost of electricity could increase if the Electricity Company of Ghana (ECG) succeeds in pushing through with plans to adjust its tariffs in the coming weeks.
Mr. Noble Dorwume, a Director in the office of the Managing Director of ECG, announced this in Tamale after a meeting with the Public Utility Regulatory Commission (PURC) in Tamale.
The PURC indicated that the expected review will be based on the overhead cost which affects power generation and distribution, including inflation.
“We have given an upward review based on the cost, inflation, and other economic parameters.”
Ghana’s inflation rate hit 15.7 percent in February, representing a 1.8 percent jump from January.
Mr. Dorwume also noted that the tariff review would factor in the classification of customers.
“So it will depend on how PURC looks at it and which group should have a slight upward adjustment and which one should have a downward review and will all give us revenue which will be able to help us run this business successfully.”
The last tariff increase was in October 2019, with a 5.94 percent increment.
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