The Minority in Parliament has cautioned Ghanaians to brace themselves for significant increases in electricity tariffs come 2027, attributing the impending adjustment to massive allocations made to settle energy sector shortfalls.
Former Minister for Finance, Dr. Mohammed Amin Adam, raised the alarm while speaking to journalists in Parliament shortly after the Finance Minister, Dr. Cassiel Ato Forson, presented the 2027 Budget Statement and Economic Policy to the House.
Addressing the press corps, Dr. Amin Adam painted a gloomy picture for power consumers, stating bluntly, “I don’t have good news for you.”
According to the former Finance Minister, the government has earmarked GH¢13 billion in the 2027 budget specifically to offset energy shortfall payments, alongside another GH¢7.8 billion projected for 2028. He argued that these figures directly contradict the government’s own fiscal strategy, which had previously projected that energy sector shortfalls would drop to zero by 2028.
Dr. Amin Adam pointed out that because the deficit has failed to clear as planned, the financial burden will ultimately be pushed onto ordinary power users. He noted that unless the Electricity Company of Ghana (ECG) drastically improves its revenue collection, tariff adjustments remain inevitable to bridge the funding gap.
He stressed that to meet these massive shortfall obligations in 2027, electricity bills will have to go up considerably.
The Minority spokesperson further criticised the administration for failing to cushion citizens against economic pressures, lamenting that while Ghanaians were looking forward to financial relief from the budget, the government is instead introducing measures that will drive up their cost of living.
By: Rainbowradioonline.com/Ghana