PURC has announced a little change to utility rates.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Public Utilities Regulatory Commission (PURC) of Ghana has announced a modest adjustment in utility tariffs, with electricity prices set to rise by 3.02% and water tariffs by 1.86%, effective October 1, 2024.

The changes come as part of the regulator’s routine quarterly review, designed to reflect shifts in key economic indicators, including the US Dollar/Ghana Cedi exchange rate, inflation, and natural gas costs.

In a statement issued on September 28, PURC attributed the upward revisions to several macroeconomic pressures, notably a 4.96% depreciation of the cedi against the dollar between the second and third quarters of 2024.

Source: newsthemegh.com