Ghanaian economist Dr. Evans Nunoo has cautioned that rising energy prices pose a serious threat to the survival of businesses, warning that higher tariffs could drive up operational costs and undermine economic competitiveness.
Speaking on Happy 98.9 FM’s morning show with Kwadwo Sefah, Dr. Nunoo stressed that energy remains a critical input across production, transportation, and service delivery.
“The cost of doing business will be higher if energy prices are increased,” he said, adding that small and medium enterprises (SMEs) in particular may struggle to absorb the additional burden.
Industry leaders have raised similar concerns, pointing to surging fuel and electricity tariffs as drivers of inflation and shrinking profit margins. Some businesses are now turning to alternative energy solutions, such as solar power, to cushion the impact.
The warning comes as debate intensifies over Ghana’s energy pricing structure. Analysts argue that without sustainable reforms, the country risks slower economic growth, weakened investor confidence, and greater pressure on local industries.
