The Ghana Union of Traders’ Associations (GUTA) has stressed the critical need for government authorities to address the nation’s unfavorable utility tariff regime.
GUTA notes that for years, it has consistently voiced concerns regarding the high cost of tariffs in Ghana, concerns that have yet to be satisfactorily addressed.
Mr. Benjamin Yeboah, GUTA’s Director of Welfare, is of the view that Ghana’s current utility tariff structure is significantly undermining the country’s competitiveness within the African Continental Free Trade Area (AfCFTA).
In an interview on Frontline on Rainbow Radio 87.5FM with Kwabena Agyapong, Mr. Yeboah explained that the escalating costs of electricity and water are directly inflating production and operational expenses for businesses.
This, in turn, negatively impacts the pricing of goods and services and serves as a major deterrent to both local and foreign investment.
“We have raised concerns over these issues, but there has been no meaningful response,” he stated. “This is not the first time we have tabled this matter. Whenever there is a tariff increment, the discussion resurfaces. This constant cycle is unhealthy, and we urge authorities to provide a lasting solution to our concerns.”
In light of the government’s proposed 24-hour economy policy, Mr. Yeboah emphasized the importance of providing targeted subsidies for the industrial sector.
Such support would effectively reduce the cost of doing business, enabling manufacturers to increase production, boost exports to other African countries, and ultimately create more employment opportunities.
He urged the government to collaborate closely with the business community. This partnership is essential for developing a fair, transparent, and sustainable tariff structure that actively supports industrial growth and enhances Ghana’s successful participation in the expansive AfCFTA market.
By: Rainbowradioonline.com/Ghana
