PURC Increases Water, Electricity Tariffs By 60 Percent

PURC Increases Water, Electricity Tariffs By 60 Percent

The Public Utility and Regulatory Commission (PURC) has increased electricity and water tariffs by over 60 percent effective December 14th following a nationwide public consultation for the adjustment of utility tariffs.

In the annoucement made, the PURC revealed that electricity will be increased by 59.2 percent while water by about 67.2 percent.

Director of Public Affairs of the PURC, Nana Yaa Jantuah explains the reasons for the increment is to enhance consumer interest, investor interest, economic development of the country, generation mix, and availability of the service among others .

The sudden hike in utility tarrifs is feared to have a negative impact on Ghana's market sector as prices of goods and services are also more likely to hoot up in that regard.

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