The Minority in Parliament says it will summon the Public Utilities Regulatory Commission (PURC) to explain the recent 2.45 percent increase in electricity tariffs.
The minority insists the PURC must justify the upward adjustment, especially at a time when key economic indicators are improving.
Addressing journalists on Thursday, Ranking Member on the Energy Committee, George Kwame Aboagye, questioned the timing and rationale behind the increase.
He pointed out that the exchange rate, which peaked at GHS15.527 earlier this year, has dropped to around GHS10.30. Inflation also continues to decline—from 22.4% in March to 21.2% in April, and further to 18.1% in May. Projections place June’s rate at about 16 percent.
“So, why the increase?” he asked.
Mr. Aboagye argued that with hydro and solar sources contributing about 30 percent to Ghana’s energy mix and remaining stable, PURC has no solid basis for the hike.
He noted that nearly 70 percent of electricity generation depends on fuel—mainly gas, Heavy Fuel Oil (HFO), and Light Crude Oil (LCO). However, with most generators able to switch between fuels, he said rising HFO or LCO prices shouldn’t automatically trigger a hike, especially since gas prices have remained steady.
Referring to the 2025 budget, the Minority MP emphasized that tariff reviews should reflect economic trends—either upward or downward—on a quarterly basis.
“You cannot just wake up and increase electricity tariffs by 2.45 percent. PURC must come forward and explain this decision to Ghanaians,” he said.
