Gov’t to increase electricity tariffs every 3 months — Minority hints

The Minority in Parliament has hinted that the Mahama government plans to increase electricity tariffs every three months.

This policy, according to Ranking Member of Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, is part of the government’s broader strategy to ensure cost recovery within the energy sector.

Speaking at a press conference on Thursday, March 13, Mr. Oppong Nkrumah explained that the frequent adjustments are meant to reflect changes in production costs, fuel prices, and exchange rate fluctuations.

However, he raised concerns about the impact this policy will have on consumers, particularly businesses and households already struggling with the high cost of living.

“The adjustment of electricity tariffs every three months is meant to reflect changes in production costs, fuel prices, and exchange rate fluctuations,” he stated.

“While the government argues that this is necessary for sustainability, we must also consider how it affects ordinary Ghanaians. Frequent adjustments could place an additional burden on citizens.”

Mr. Oppong Nkrumah also criticized the government for not putting in place adequate cushioning measures to mitigate the effects of these tariff hikes.

He stressed that without a well-thought-out approach, the policy could lead to increased hardship and a decline in business competitiveness.

The Minority is urging the government to prioritize efficiency in the energy sector rather than relying on periodic tariff increases as a solution.

They are calling for greater transparency in the pricing mechanisms and urging stakeholders to engage in a broader dialogue on how best to balance sustainability with affordability.

This development comes at a time when Ghanaians are already grappling with the high cost of living.