A new utility tariff reduction has taken effect across Ghana from today, April 1.
The Public Utilities Regulatory Commission announced that electricity tariffs have been reduced by 4.81 percent, while water tariffs have also been cut by 3.06 percent for the second quarter of the year.
According to the Commission, this latest utility tariff reduction forms part of its routine quarterly review process and takes immediate effect.
In a statement, the Commission explained that the utility tariff reduction reflects key developments in the economy over the period.
These include changes in the exchange rate between the Ghana cedi and the US dollar, movements in the domestic inflation rate, the electricity generation mix, and the cost of fuel, particularly natural gas used in thermal power generation.
The Public Utilities Regulatory Commission noted that the utility tariff reduction is in line with its mandate to ensure that utility prices remain fair, balanced, and responsive to current economic conditions.
For many households and businesses, this utility tariff reduction is expected to provide some financial relief amid ongoing economic adjustments.
