Utility hikes Utility tariffs "incredibly outrageous" - Spio-Garbrah

He described the hikes as "incredibly outrageous" in an interview with Joy FM Thurday.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Minister for Trade and Industry, Mr Ekwow Spio-Garbrah, has made a rare criticism of the recent utility tariffs hikes on his first radio interview on the matter.

He described the hikes as "incredibly outrageous" in an interview with Joy FM on Thurday.

According to him, the increments were unjustifiable especially in an election year.

He said: “I mean you wonder if a utility rate has to go up by 150 per cent, why didn’t it go up by 20 per cent two, three years ago, 30 per cent last year and maybe 40 per cent this year to more or less achieve the same objective”

“Why have some of these institutions waited till an election year and all of a sudden we hear incredibly outrageous rates - 57, 100 per cent, 400 per cent etc… all the way to ordinary water that human beings drink.”

Spio-Grabrah also said his Ministry, which considers its self as a "stakeholder in the broad economy," was never consult prior to the utility hikes.

“We ourselves, as a Ministry of trade and Industry, consider ourselves a stakeholder in the broad economy as well as matters that affect business and industry, but at no point have we ever been called to also come before the PURC or any other public agency that wishes to revise its rate to discuss the basis for which the rates are being revised [and] the potential impact it will have on the broad economy,” he said.

According to the Trade Minister, government may think it is doing a good job by raising revenue but the effect is that, businesses could collapse as a result.

“You might think you are doing a good job by just raising revenue here or some other charge there, but you are killing the whole economy or killing the businesses that are going to bring jobs and help to create broader income and exports revenue for the economy,” he said.

The Public Utilities Regulatory Commission (PURC) in December 2015 increased price of electricity and water by 59.2 percent and 67.2 percent respectively.

The increase was met with outrage by Organised Labour and the business community.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
3 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
4 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
5 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
6 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
7 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
8 In Accra Susu collectors give gov’t 1 week ultimatum to...bullet
9 In Singapore Government to pay bonus to all citizens...bullet
10 Retirement How to calculate your SSNIT pensionbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 MTN Mobile Money Adbullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet