- AGI urges a review of high electricity tariffs
- Says the tariffs hinders competition in the sub-region
- Appeals to the government to hasten the implementation of key policies for the local industry
The Association of Ghana Industries (AGI), following a three-day workshop, has urged the Ghanaian government to review the high electricity tariffs. The AGI, as part of its recommendations, appealed to the government to address the high electricity tariffs to boost local business growth and competition in the sub-region. The AGI also recommended the speedy implementation of key government policies and interventions for the local industries.
In a communique signed and issued by AGI President, Dr Yaw Gyamfi, the AGI noted that “Energy drives industry and we will like to see the reversal of the current tariff regime where Industry subsidises for residential customers,”
The AGI also proposed developing renewable energy in line with the Sustainable Development Goal (SDG) No 7. “Consistent with the SDGs, Goal 7 (Affordable and Clean Energy), we will promote the use of renewable energy and energy efficiency as more businesses begin to realize the value of renewable energy compared to fossil fuel,” the AGI said.
The AGI commended the Ghanaian Government on its efforts to resuscitate local industries and for the establishment of the new Development Bank, which it was optimistic would help address the medium to long-term financing needs of industries.