The Executive Director of the African Center for Energy Policy (ACEP), Ben Boakye speaking to Joy News said the ACEP has predicted that Ghanaians will pay more for electricity soon.
ACEP said the increase in the tariffs will be a result of a battle GRIDCo is facing in repairing its old gadgets and equipment. Mr. Ben Boakye, speaking said this move has placed the Public Utilities Regulatory Commission (PURC) in a very difficult position.
Mr. Ben Boakye, speaking to the Joy News said“There is no debate about that. This is a major tariff review year, so PURC I can imagine the difficult situation they may be in, where the grid is not stable and yet you have to review the tariff,”
“It’s going to be a very tough decision for PURC to take. I can guarantee that tariff would go up significantly. If it doesn’t go up then the government has to raise money, but I didn’t see it in the budget.”
The power outages recorded in March alone are due to the total system collapse in the transmission network. These recent outages have caused a lot of Ghanaians to become frustrated.
He later added that the sector has had little or no investment over the years and this has resulted in the situation at hand.
“We know that lack of investments into the transmission system is what is occasioning the trips that we are seeing today, and it’s been beckoning for a while.
“I mean we (ACEP) have maintained that electricity is business, so you have to treat it as such and allow the value chain to be able to pay for itself.”
“You generate, you transmit, you distribute, you raise money at that end to feed the whole industry. And for so long we’ve been struggling to pull money from the distribution-end to be able to pay for transmission and generation.
The Executive Director of ACEP, Mr. Ben Boakye added, “And that problem is really what we have to deal with, and the commitment to deal with that hasn’t really been enough.”