The Public Utilities and Regulatory Commission has increased electricity and water tariffs by 29.96% and 8.3%, respectively.

The new rates take effect on February 1, 2023.

This follows the conclusion of its regulatory process for the quarterly adjustment of utility tariffs covering the first quarter of 2023. The Commission said the process is in conformity with the Quarterly Tariff Review Mechanism and Guidelines as communicated in the Commission’s August 2022 major tariff review decision.

This was contained in a press release issued in Accra on Monday.

The PURC approved the new tariffs while keeping the current economic situation in mind, according to a statement signed by the Executive Secretary, Dr. Ishmael Ackah.

It noted, however, that the potential for a return to the days of erratic power supply was also given due consideration as it would be “catastrophic for Ghana.”

“The Commission, therefore, decided to increase the average end-user tariff for electricity by 29.96% across the board for all consumer groups.” The average end-user tariff for water has also been increased by 8.3%. The Commission however approved varying rates of adjustments including some reductions for selected industrial and commercial consumers as part of the ongoing restructuring of the existing water rate structure,” the press release explained

 

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