From July 1, 2024, Ghanaians will encounter increased electricity and water tariffs, as outlined by the Public Utility Regulatory Commission (PURC) in its second quarterly review for 2024.
The commission specified that residential electricity consumers will face a 5.84% upward adjustment in rates. Lifeline consumers, those utilizing between 0-30kWh, will witness a 3.45% increase, according to the May 31 statement.
“For lifeline consumers (0-30kWh), there will be a 3.45% increase in electricity tariffs. For all other residential consumers not part of the lifeline category (31 kWh and above) as well as the non-residential category, the increase will be 5.84%,” PURC stated.
Moreover, the industrial category will experience a 4.92% increase in electricity tariffs.
In terms of water tariffs, all customer classes will encounter a 5.16% increase for the period from July 1, 2024, to September 30, 2024.
The reviews were conducted following the Commission’s Quarterly Tariff Review Mechanism, as per a statement signed by PURC’s Executive Secretary, Ishmael Ackah. This mechanism monitors and integrates changes in uncontrollable factors such as the exchange rate between the US dollar and the Ghana Cedi, domestic inflation rate, electricity generation mix, and the cost of fuel, primarily natural gas. The commission also took into account industry competitiveness and the general living conditions of Ghanaians in determining this review.
