The Public Utilities Regulatory Commission (PURC) has announced a 3.02% increase in electricity tariffs and a 1.06% rise in water tariffs for the third quarter of 2024, effective from October 1.
In a statement released on Saturday, September 28, the PURC explained that the adjustment was necessary due to factors such as inflation, exchange rate fluctuations, and gas prices.
The commission noted that Ghana’s current economic challenges and the prevailing living conditions were carefully considered in the decision-making process.
The tariff increases will affect all categories of consumers.
“Following the quarterly tariff review, the Commission wishes to inform the public that there will be a 3.02% increment in electricity tariffs and a 1.86% increment in water tariffs for the Third Quarter of 2024 for all categories of customers.
“The Commission’s decision is based on changes in some key parameters, such as inflation rate, exchange rate, and the Weighted Average Cost of Gas (WACOG) over the projected Third Quarter. The Commission also considered several other underlying factors, including the current economic conditions and general living standards of Ghanaians, and the competitiveness and sustainability of industries.”
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