The Association of Ghana Industries (AGI) has spoken out against the Public Utilities Regulatory Commission’s latest review of utility tariffs (PURC).
According to AGI, the over 56% and 69% increases in electricity and water tariffs over the last six months are unbearable for business people.
“We notice a 48% increment in water tariffs for industry. This is not bearable, and which is a significant deviation from the 8% average increment as announced,” the statement said.
“Water tariffs shot up by an average of 21% in the last review in September 2022. The aggregate is a 69% increment in less than six months for industry. We are anxious to see the conclusion of our discussions with the PURC on water tariffs for our beverage companies.
“Industries have been under pressure from an unstable business environment, coupled with so much uncertainty since last year. Hoping to see signs of recovery this year, the situation is further worsened by this level of increment which poses a serious threat to employment prospects and survival of businesses,” the AGI statement added.
