Per the summary of the approved percentage reductions, residential consumers will enjoy 17.5% reduction with Non-Residential consumers enjoying 30%.
In a statement signed by the Executive Secretary of PURC, Mrs. Mami Dufie, said that the decision to reduce electricity tariff was taken after they held an extensive stakeholder consultation, detailed technical analysis of utility tariff proposals and consideration of inputs and concerns of consumers.
Per the summary of the approved percentage reductions, residential consumers will enjoy 17.5% reduction with Non-Residential consumers enjoying 30% with Special Load Tariff Customers and Mines enjoying 10% respectively.
However, the commission did not review water tariffs.
The statement explained that the “review of water tariffs require further consultations and the commission is unable to announce a decision at this time.”
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The reduction takes effect on March 15, 2018.
The PURC said the key objectives in the tariff review were “to ensure efficient and equitable tariffs and to ensure that tariffs are relevant to the current socio-economic environment.”
Many Ghanaians have raised concerns over the cost of power since President Akufo-Addo assumed office.
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This is because he promised to reduce utility tariffs during the 2016 campaign and elections which he won.
In the 2018 budget government promised to reduce utility tariff in order to reduce the financial burdens in Ghanaians.