Electricity and water consumers in Ghana will see a reduction in utility tariffs beginning April 1, following a review by the Public Utilities Regulatory Commission (PURC).
The Commission announced that electricity tariffs will decrease by 4.81 percent, while water tariffs will be reduced by 3.06 percent as part of its routine quarterly tariff review process.
According to the PURC, the adjustments are intended to reflect changes in key economic variables that influence the cost of utility service delivery, including the exchange rate, inflation, fuel prices, and the electricity generation mix.
In a statement issued by the Commission, the reduction was attributed largely to improved macroeconomic indicators and shifts in operational cost structures for utility providers. The PURC explained that the quarterly tariff review mechanism is designed to ensure that utility tariffs remain fair to consumers while allowing service providers to recover prudent and efficient costs.
The Commission said the latest review considered several parameters, including the Ghana cedi to US dollar exchange rate, domestic inflation trends, the weighted average cost of gas, and the projected hydro-thermal generation mix.
Despite the reduction, the PURC emphasized that the adjustments are carefully calculated to ensure that utility companies remain financially stable and able to maintain reliable service delivery across the country.
The electricity tariff adjustment will affect power supplied by companies such as Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCo), while the water tariff reduction applies to services provided by Ghana Water Limited.
The Commission urged consumers to continue practicing efficient energy and water use, noting that responsible consumption plays a crucial role in maintaining the sustainability of Ghana’s utility sector.
The new tariffs will take effect nationwide on April 1 and are expected to bring some relief to households and businesses amid ongoing economic adjustments.
