HomeNewsGhana: 14% price cut to bolster private sector

Ghana: 14% price cut to bolster private sector

With effect from January 2018, non-residential power consumers will see an average 14% tariff reduction, the Ghanaian President Nana Akufo-Addo said on Monday.

The President made the announcement during the opening of the 8th Salon Academy of the National Association of Beauticians and Hairdressers in Accra.

Investing in the private sector

According to media reports, the new tariff structure is believed to boost private sector business in Ghana, as government has achieved a stable power supply across the country. Read more…

[quote]Akufo-Addo explained: “An average bill last year was 562 Ghana cedis ($119.5) a month. With this reduction from January, it is coming down to 473 cedis a month, which means 88 cedis ($18.7) has been taken from the electricity tariff that you pay.

“We want to encourage private business, and make business stand on its feet,” he said.

 

African Utility Week

 

Featured image: Stock

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.

TRENDING THIS WEEK

LATEST FEATURES