Electricity tariff reduction feasible only in the presence of available funds - IES

Electricity tariff reduction feasible only in the presence of available funds - IES

The Institute for Energy Security has said a reduction in electricity tariffs can be put under consideration by the government only if there are enough funds to cushion the shortfall in revenue.

In an interview on Wednesday, April 8, 2020, the Executive Director of the Institute for Energy Security, Paa Kwesi Anamuah Sakyi said in-depth analysis of the request is important before a decision is made.

 

“As such a time, you only seek for relief for your citizens. Given that we are getting money from the private sector as well as the Stabilization Fund, if it is enough, then we can consider reducing the price of electricity as well to ensure that the citizens have some form of relief. We need to have this money available to fill the gap, either than that, the power sector will suffer in future. So it is a good call but we should be mindful of how to fill the gap. For us at IES, the reliable consistent power supply is more key than to have a reduced price of a commodity and not making it available and so we should consider that in the equation,” he said.

 

Demand for reduction of electricity tariffs

The comments from IES comes on the back of President Nana Akufo-Addo’s fifth address to the nation on Sunday, April 5, 2020, where he announced government’s decision to cater for utility usage in the country as part of measures put in place to fight COVID-19.

Government is expected to take care of water bills of all Ghanaians for April, May and June 2020 following an increase in the country’s coronavirus cases amidst a partial lockdown of the epicentres of the disease.

Ghana’s COVID-19 Cases

As of April 8, 2020, Ghana’s case count had increased to 313 with recoveries still at three.

However, one more death has been recorded in addition to the already five, raises the total number of deaths to six.

This leaves a total of 304 actives cases still under treatment.