![File photo of Makola Market [Image Credit: JAFEPX]](https://cdn.ghanaweb.com/imagelib/pics/902/90290459.295.jpg "File photo of Makola Market [Image Credit: JAFEPX]")
File photo of Makola Market [Image Credit: JAFEPX]
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has indicated that the recent increase in electricity tariffs will not necessarily lead to a rise in the prices of goods and services.
He explained that the rate of increase is not significant enough to impact pricing structures.
The Public Utilities Regulatory Commission (PURC) recently announced a 2.45% increase in electricity tariffs across all consumer categories, effective July 1, 2025.
Badu-Aboagye stated, “What we are looking at is that if there is a further improvement in the key variables, we expect tariffs for businesses to eventually be reduced.”
He added, “Electricity costs per kilowatt hour in Ghana are already quite high, so an additional 2.45% increase will certainly raise production costs. However, I don’t believe this will result in a significant rise in prices.”
The PURC’s announcement is part of its routine quarterly review of electricity and water tariffs.
However, some Civil Society Organisations have called on the PURC to suspend the increment, arguing that current macroeconomic indicators remain favourable and do not justify the increase.
SSD/MA
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