After the government’s agreement with the International Monetary Fund (IMF) and quarterly modifications to electricity rates, the Minority in Parliament predicts doom for companies in the coming days.
According to the Caucus, the administration would raise utility prices every three months without consulting the Public Utilities Regulatory Commission (PURC), worsening the high cost of doing business and exacerbating the severe economic conditions.
Addressing the media, Deputy Ranking Member of Parliament’s Finance Committee Isaac Adongo emphasised the impact of such rises on Ghanaians in the coming days.
“Every three months, they will raise energy and water prices without considering the effects on individuals, homes and enterprises, and this will undoubtedly have a negative influence on the cost of doing business and feed into Ghanaians’ existing crippling inflation and misery.”
“Now you go out and purchase power, and when you return home, you’re terrified to insert the card because the units on the card are insufficient, and you’ll have to go back out and buy more.”
