The Minority in Parliament is warning of dire consequences for businesses in the country due to the International Monetary Fund (IMF) deal and the implementation of quarterly adjustments of utility tariffs.
According to the NDC MPs, increasing utility tariffs every three months will exacerbate the already high cost of doing business and worsen the economic plight of the ordinary Ghanaian.
Addressing the media in Parliament on Wednesday, June 21, 2023, the Ranking Member of the Finance Committee, Isaac Adongo, emphasized the adverse effects of these tariff increases on Ghanaians in the near future.
He expressed apprehension about the lack of consideration given to the impacts on individuals, households, and businesses, which could further contribute to the prevailing economic hardship and escalating inflation.
“Every three months, they will increase electricity and water tariffs without due regard to its impacts on individuals, households, and businesses and this will definitely impact badly in the cost of doing business and feed into the current debilitating inflation and suffering being experienced by Ghanaians.”
“Now you go and buy electricity and when you get home, you are afraid to slot the card because the units on the card are not enough, and you will need to go back and buy to top up.”
