Electricity tariffs in Ghana will now be reviewed every three months, according to Kojo Oppong-Nkrumah, Ranking Member on Parliament’s Economy and Development Committee.

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He stated that this policy is part of the government’s plan to ensure cost recovery in the energy sector. Addressing journalists at a Minority press conference on Thursday, March 13, Oppong Nkrumah explained that the periodic adjustments are intended to stabilize the financial health of the country’s power industry.

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He clarified that the tariff reviews would reflect fluctuations in production costs, fuel prices, and exchange rates.

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However, he expressed concerns about the potential impact on consumers, particularly households and businesses already struggling with the rising cost of living.

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

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Oppong Nkrumah also criticized the government for failing to introduce measures to cushion consumers against these tariff hikes.

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“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,” he warned.

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Without a well-planned approach, he cautioned, the policy could lead to economic difficulties and weaken business competitiveness.

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He urged the government to focus on improving efficiency in the energy sector instead of relying on regular tariff increases.

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Additionally, he called for greater transparency in pricing mechanisms and advocated for a broader discussion among stakeholders to find a balance between sustainability and affordability.

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