Starting on February 1, 2023, utility rates will increase in the first quarter of that year.
Despite acknowledging the current economic issues, the Public Utilities Regulatory Commission (PURC) made this announcement on January 16, 2023.
Following the conclusion of the PURC’s regulatory processes for quarterly adjustments, the end-user tariff for water has also been adjusted upward by 8.3 percent, while the end-user cost for electricity has increased by 29.96%.
“The PURC is equally mindful of the current difficult economic circumstances but notes that the potential for outages would be catastrophic for Ghana and has to be avoided. The PURC, therefore, sought to balance prevention of extended power outages and its deleterious implications on jobs and livelihoods with minimizing the impact of rate increases on consumers”.