- The Public Utilities Regulatory Commission has announced new electricity and water tariffs for Ghanaians
- There have been marginal changes in electricity and water tariffs for Ghanaian consumers
- PURC conducts quarterly tariff reviews with its rate setting guidelines for the quarterly review of gas, electricity and water tariffs
The Public Utility Regulatory Commission (PURC) announced a 0.34% increase in water tariffs.
The Commission also said that there will be a 1.52% reduction in electricity tariff from December 1, 2023.
Source: Getty Images
said the committee The cost of energy and chemicals for water treatment, the currency situation and inflation have contributed to the increase in water tariffs.
PURC conducts quarterly rate reviews with the Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity and Water Rates.
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In the previous increase, electricity tariffs increased by 4.22% for all residential customers excluding life lines, while there was a 1.18% tariff increase for water consumers.
Ghanaians frustrated by public utility hikes
YEN.com.gh reported that a TikTok user took to social media to share her frustration about how rent prices and various utility bills are making life difficult for Ghanaians.
He took issue with the Electricity Company of Ghana and the Rent Control Department, explaining that they are doing nothing to make life more affordable for the locals.
How the high cost of living affects real estate
In earlier history, YEN.com.gh wrote about how Ghana’s high standard of living affects the real estate sector.
The typical Ghanaian finds life unbearable due to record inflation and the devaluation of the CEDI.
Every sector of the economy, including the real estate market, is adversely affected by the high cost of living in the country.
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![](https://images.yen.com.gh/images/1a936b5b2d6ecd58.jpg?impolicy=cropped-image&imwidth=256)
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If vital steps are not taken to alleviate Ghana’s economic situation, it will become more difficult for individuals to own or rent property.
Source: YEN.com.gh