Dr. Ishmael Ackah – CEO of PURC Electricity tariffs for residential consumers within 301kWh and above have been reduced by 6.5% starting April 1 to June 30, 2024 In Read More... The post Residential Electricity Tariffs Down By 6.5% appeared first on
The Public Utilities Regulatory Commission (PURC) has announced a slight reduction in electricity tariff for residential consumers but said there will be no change (0%) in the prices paid by lifeline consumers (0-30 kWh), as well as residential consumers within the consumption bracket of 0-300 kWh. PURC says the marginal tariff reduction of 6.56% will […] The post PURC
The government has officially suspended the planned implementation of the 15% Value Added Tax (VAT) on domestic consumption of electricity. In a press statement issued by the Ministry of Read More... The post Suspends 15% VAT On Electricity-
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The Electricity Company of Ghana (ECG) has embarked on an exercise dubbed ‘Operation No Free Consumption’ in the Western Region. The exercise aims to identify those who are illegally consuming electricity and forms part of the utility company’s revenue mobilisation drive. “During this two-week period, we will update customers details such as phone numbers, GPS […] The post ECG
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
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The Industrial and Commercial Workers’ Union, ICU-Ghana, has urged the government to treat with urgency, the seven-day ultimatum issued by organized labour to withdraw the imposition of 15% Value Added Tax (VAT) on electricity consumption exceeding the lifeline threshold. ICU expresses concern over the adverse impact that tax imposition may have on consumers, businesses and […] The post ICU
Former President John Dramani Mahama has thrown his support behind organised labour’s call on the government to reverse the Value Added Tax (VAT) imposed on electricity. The Flagbearer of the National Democratic Congress (NDC), expressed concern that the implementation of VAT on electricity consumption would further burden Ghanaians, who are already suffering from economic hardship. […] The post Mahama
The Trades Union Congress (TUC) has given the government a seven-day ultimatum to withdraw the imposition of Value Added Tax (VAT) on electricity consumption above lifeline. In a letter dated January 1, Finance Minister, Ken Ofori-Atta, directed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) to implement the VAT, aiming […] The post TUC
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It is essential for policymakers to carefully assess the broader economic consequences of the 21% VAT imposition on end-user electricity tariffs and consider a more balanced approach that protects the sustainability of the power sector and supports economic recovery, stability and industrialization. In line with the efforts being made towards economic recovery, imposing a 21% […] The post Elikplim
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The post ‘VAT on electricity consumption a terrible, poorly-thought-through policy’ – Bernard Avle | #CitiCBS appeared first on Citinewsroom - Comprehensive News in Ghana.
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For well over a decade Ghana was exalted as one of the most promising and fastest growing economies on the continent. But recent reports of the country’s steep economic dip, high inflation and rolling blackouts, popularly referred to as “dumsor”, suggest the era of inconsistent electricity between 2012 and 2016 is back. The west African nation is experiencing power rationing and electricity cuts. […] The post Ghana’s
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