- Finance Minister proposed an average reduction of 13% in electricity tariffs
- He made the announcement on Wednesday when he presented the 2018 budget to Parliament
Government has announced a 13% reduction in electricity tariff beginning January next year, in the 2018 budget.
Finance Minister Ken Ofori Atta on Wednesday told Parliament during the 2018 budget presentation that residential and non-residential electricity consumers will enjoy affordable rates.
“Government in 2018, will work towards keeping the lights on at affordable rates to consumers, particularly industries and small businesses through reform and policy interventions over a two-year period.
“To give relief to the poor whose individual consumption falls in the subsidised life-line category but who live in a compound house, the existing 4-tier tariff classification of residential consumers will be collapsed into Lifeline and Non-Lifeline consumers in phases,” he said.
Mr. Ofori Atta announced the reductions in electricity tariff as follows; “Residential – Up to 13%, Non Residential – 13%, Special Load Tariff- Low Voltage – 13% ,Special Load Tariff -Medium"
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