- Ghana’s energy minister has rejected the option to increase the electricity tariff.
- He urges ECG to cut down on its losses and increase collection efficiency.
According to Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, there will be no tariff increase for the Electricity Company of Ghana at present. Prempeh made this known during his weekly press briefing organised by the ministry of information.
In his speech, he encouraged the utility company to cut down on its losses and devise mechanisms to collect electricity charges effectively before considering a tariff raise. “I can assure you that we are resisting the calls for increased tariff till we sort out our losses. The more we sort out our losses, the more we can probably decide whether we have to or we must increase the tariffs. But first, if you are losing so much, how do you convince me that I should let you increase tariffs,” he emphasised.
The Minister noted that the Ministry had resolved to end the “Take or Pay” policy, which had saddled the energy sector with a lot of debt and will now focus on “Take and Pay”.