Minority parliamentarians are asking Ghanaians to brace up for a 60 per cent increase in electricity tariff as a new manager takes over operation of the Electricity Company of Ghana (ECG).
Power Distribution Services (PDS) Ghana Limited is set to take over from the first of February this year. Meralco Consortium, which won the bid to take over the operations of ECG, has majority shareholder of PDS.
But Myjoyonline.com reports that minority spokesperson on energy, Adams Mutawakilu, said because ECG’s debt is ballooning towards GH¢ 2 billion, the new manager will be forced to raise tariffs to survive.
According to him, the energy sector is in crisis because of ECG’s huge debts which he blames on government’s decision to reduce electricity tariff last year.
Millennium Development Authority (MiDA) awarded the operations, investment and management of ECG to Meralco Consortium in April last year following the completion of international competitive procurement process and evaluation of the proposals received for the ECG Concession.
The Meralco Consortium is led by the Manila Electricity Company of Philippines, which covers a third of the Philippines and served a customer population in excess of six million.
Meanwhile, Former President Jerry John Rawlings, has urged the special prosecutor, Martin Amidu, to hasten in dealing with criminals in Ghana.
He expressed wonder at the fact that Amidu appeared to be slow in performing his duties as special prosecutor.
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