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PURC defends power tariff reductions

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Dr. Ishmael Ackah, the PURC's Executive Secretary, emphasised that the reviews followed the Commission's Quarterly Tariff Review (QTR) Mechanism. This method monitors and includes changes in important uncontrollable variables such as the US dollar-to-Ghana cedi exchange rate, local inflation rate, energy generating mix, and fuel costs, particularly natural gas. Dr. Ackah stated that the QTR attempts to guarantee that utilities recover their revenues, which include allocations for operating and maintenance costs, capital expenditure, and other substantial regulatory costs.

The Public Utilities Regulatory Commission (PURC) has stated the rationale for the tariff review in the first quarter of 2024.

On February 28, the commission announced a small reduction in home electricity tariffs, while keeping current rates for lifeline users (0-30 kWh) and residential consumers (0-300 kWh).

PURC stated that the small tariff reduction of 6.56% would benefit residential clients who use more than 301 kWh.

According to a March 5 announcement, the PURC assessed present energy and water pricing on February 27, 2024. The increased tariffs will take effect from April 1 to June 30, 2024.

Dr. Ishmael Ackah, the PURC’s Executive Secretary, emphasised that the reviews followed the Commission’s Quarterly Tariff Review (QTR) Mechanism. This method monitors and includes changes in important uncontrollable variables such as the US dollar-to-Ghana cedi exchange rate, local inflation rate, energy generating mix, and fuel costs, particularly natural gas.

Dr. Ackah stated that the QTR attempts to guarantee that utilities recover their revenues, which include allocations for operating and maintenance costs, capital expenditure, and other substantial regulatory costs.

Another main goal of the QTR for April to June 2024 is to cut existing residential tariff bands to eliminate cross-subsidies, to reduce non-residential class bands to two, and to lower industrial tariff bands to encourage productive power consumption.

Dr Ackah stated that these tariff band reductions will simplify the application and understanding of authorised tariff bands, thus making metres more inexpensive to customers.

He further stated that the QTR seeks to collect the complete income required for the period April to June 2024. Despite the expected Ghana Cedi loss against the US dollar in the quarter (December 2023 – February 2024), the projected inflation rate fell from 40.43% to 28.27%.

In the QTR for April to June 2024, the estimated hydro-thermal generation mix was modified from 31.91% to 34.81% for hydro and 68.09% to 65.19% for thermal.

Dr Ackah stated that these adjustments, together with steady petrol prices, imply that utilities would experience a revenue boost. As a result, the PURC used the expected surplus to combine several rate bands across different power customer classes.

Despite these revisions, he stated that the lifeline tariff customer group, as well as the Low Voltage (LV) and Mines customer groups, saw no changes to their pricing for the April to June 2024 tariff review period.

Dr. Ackah highlighted that only a few residential and High Voltage (HV) customers got their power costs reduced during the review period, whereas Steel Companies clients would see their bills increase by more than 30%. Other consumers saw small upward modifications.

He asked the public to avoid falsehoods that tariff reductions for a select consumer category will increase the energy sector’s problems. He guaranteed that the PURC is concerned with the financial viability of all utilities, as well as the well-being of paying customers.

He went on to say that higher tariffs do not always result in lower energy sector indebtedness or guaranteed payments to Independent Power Producers (IPPs).

Rather, the distribution businesses must collect the permitted rates before making payments to the IPPs.

READ THE FULL STATEMENT ON TARIFF ADJUSTMENT HERE_

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The traumatic experience of a Ghanaian bisexual

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According to him, these attacks have become more intense this year as a result of Ghana's parliament passing anti-LGBTQ+ legislation. Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February. The first incident happened on January 22nd, about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra. Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

A Ghanaian man, using the alias Ibrahim for safety concerns, has boldly told his tragic story of being repeatedly assaulted in his community because of his sexual orientation.

Ibrahim, a Muslim, has described being targeted several times by assailants in his community over the years.

According to him, these attacks have become more intense this year as a result of Ghana’s parliament passing anti-LGBTQ+ legislation.

Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February.

The first incident happened on January 22nd, at about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra.

Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

Ibrahim claims that the assaults were motivated by his sexual orientation, which had previously gone unnoticed in his society.

Ibrahim has resorted to secluding himself within for protection since he lives in constant fear of additional attacks.

He laments the absence of a support network in his village, with just a few understanding people living outside its borders.

However, the dread of repercussions keeps him from finding consolation or company outside of his close environs.

In an exclusive interview, Ibrahim described his terrible sense of loneliness and the psychological toll of the ongoing danger of violence.

He must navigate his everyday existence beneath the shadow of dread, unable to freely interact with the world around him for fear of serious bodily damage.

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Power interruptions damage our enterprises; release dumsor schedule – GUTA

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GUTA is asking answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution. They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately. Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

The Ghana Union of Traders’ Associations (GUTA) has joined demands for the Electricity Company of Ghana (ECG) to produce a load-shedding schedule, citing the persistent power outages that are badly impacting companies and livelihoods across the nation.

GUTA issued a statement emphasising the considerable impact of the power outages on many sectors, including agriculture, trade, and industry.

According to them, firms are struggling to meet production schedules and prepare for their personnel as a result of the irregular power supply, which raises production costs and degrades living conditions.

Traders, store owners, wholesalers, tailors, dressmakers, electricians, and other artists are also suffering business losses as a result of the “Dumsor phenomenon.”

GUTA is asking for answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution.

They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately.

Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

Click here to read the statement

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The Foreign Affairs Ministry cautions against travelling to Northern Mali

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"The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course," the statement went on to say. The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

The Ministry of Foreign Affairs and Regional Integration has advised Ghanaians not to travel to certain areas of Northern Mali.

In an official statement, the Ministry underlined recent security concerns along critical routes connecting Mali and Niger, notably in the Gao and Ansongo regions of Northern Mali.

The Ministry mentioned incidents of terrorist activity targeting travellers along these routes.

“The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course,” the statement went on to say.

The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

Find the statement below:

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