Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has revealed that electricity tariffs in Ghana would now be reviewed every three months.
According to him, this policy is part of the government’s broader strategy to ensure cost recovery within the energy sector.
Speaking at a press conference held by the Minority in Parliament yesterday, Honourable Oppong Nkrumah explained that the move aligns with efforts to stabilise the financial health of the country’s power sector.
“The adjustment of electricity tariffs every three months is meant to reflect changes in production costs, fuel prices, and exchange rate fluctuations,” he stated.
He, however, raised concerns about the impact this policy will have on consumers, particularly businesses and households already struggling with the high cost of living.
“While the government argues that this is necessary for sustainability, we must also consider how it affects ordinary Ghanaians. Frequent adjustments could place an additional burden on citizens,” he warned.
Lawyer Oppong Nkrumah also criticised the government for not putting in place adequate cushioning measures to mitigate the effects of these tariff hikes.
He stressed that without a well-thought-out approach, the policy could lead to increased hardship and a decline in business competitiveness.
The Ranking Member urged the government to prioritise efficiency in the energy sector rather than relying on periodic tariff increases as a solution.
He called for greater transparency in the pricing mechanisms and urged stakeholders to engage in a broader dialogue on how best to balance sustainability with affordability.
