Government announces 13% cut in electricity tariffs in 2018 budget

Government announces 13% cut in electricity tariffs in 2018 budget

- 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 announces 13% cut in electricity tariff in 2018 budget

Ken Ofori Atta and vice president, Dr Bawumia making their way to the chamber of Parliament

READ ALSO: Live Video: Finance Minister reads #GHBudget2018

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.

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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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