- The 2018 budget will push for the reduction of utility tariffs
- President Nana Addo says government will put Ghanaians first in the budget
President of the republic, Nana Addo Danquah Akufo Addo says government will be putting Ghanaians first in the 2018 budget.
Before the 2018 budget will is read, Nana Addo has hinted that it will include a massive reduction in utility tariffs from 2018. Speaking at the 6th AGI Ghana Industry and Quality Awards, the president stated that the reduction in the cost of electricity is crucial for economic growth.
Cost of power in Ghana is one of the highest in West Africa as captains of industry say their businesses continue to suffer from the high cost of electricity.
According to the outgoing president of the Association of Ghana Industries (AGI), the reduction of electricity prices will help make industries very competitive and productive.
“The cost of electricity still remains a major challenge and is prominent among the challenges that businesses in the country are facing. The current electricity tariff structure where industries subsidize the residential consumers is not best practice and needs to be addressed,” he argued during the annual general meeting of the association.
Meanwhile, the erratic supply of electricity is argued to have stabilized since the past year. YEN.com.gh has reported of how the minister for power, Boakye Agyarko, reveal that policies are far advanced to stabilize the supply of electricity.
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