The Public Utility Regulatory Commission (PURC) has announced that Ghanaians will face higher electricity and water tariffs starting July 1, 2024, as part of its second quarterly review for 2024.
According to the commission, residential electricity consumers will experience an upward adjustment of 5.84% in rates. However, lifeline consumers, who use between 0-30kWh, will see a relatively lower increase of 3.45%. “For lifeline consumers (0-30kWh), there will be a 3.45% increase in electricity tariffs. For all other residential consumers not part of the lifeline category (31 kWh and above) as well as the non-residential category, the increase will be 5.84%,” the PURC stated.
The industrial category will also be affected, with a 4.92% increase in electricity tariffs. Additionally, all customer classes will experience an increase of 5.16% in water tariffs for the period under review. These changes will be in effect from July 1, 2024, to September 30, 2024.
The PURC’s Executive Secretary, Ishmael Ackah, signed the statement announcing the reviews, which were conducted following the Commission’s Quarterly Tariff Review Mechanism. This mechanism tracks and incorporates changes in key uncontrollable factors such as the exchange rate between the US dollar and the Ghana Cedi, the domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas. The commission also considered the competitiveness of industries and the general living conditions of Ghanaians in determining this review.
