14th March 2025 5:30:00 AM
2 mins readThe Minority in Parliament has raised concerns about a possible increase in electricity bills every three months under the current government.
0
Speaking at a press briefing on March 13, 2025, to respond to the 2025 budget, they criticized the government for not addressing the issue of rising electricity costs in its budget presentation.
1
According to the Minority, electricity tariffs will be reviewed every three months, and the government has not introduced any measures to ease the financial burden on citizens.
2
“Unfortunately, these issues were not addressed in the economic policy. Those who were hoping for efforts to halt further increases in electricity bills were disappointed to learn that electricity prices would instead be adjusted every quarter. This quarterly adjustment, with no policy intervention from the NDC government, will result in an increase in electricity tariffs every quarter,” they stated.
3
The Minority NPP MPs further disclosed that the government had removed subsidies on gas prices, which they argued would contribute to a rise in the base rate and an overall increase in energy prices.
4
They criticized the government for failing to provide alternatives to mitigate the impact of rising electricity tariffs.
5
“Worse still, the government has secretly removed subsidies on gas prices, thereby increasing the weighted average cost of gas from $7.8 to $8.4 per MMBtu. This means that not only will energy prices rise, but they will do so at a higher base rate from now on. There is no hope of resetting energy pricing,” they added.
6
The Minister of Finance, Dr. Cassiel Ato Forson, presented the 2025 budget in Parliament on March 11, 2025.
7
8
2 mins read
1 min read
1 min read
1 min read
2 mins read
1 min read
1 min read
1 min read
3 mins read