Electricity tariffs decrease by 1.52%, and water tariffs increase by 0.34%, PURC announces

The Public Utilities and Regulatory Commission (PURC) has announced a 1.52% reduction in electricity tariffs and an upward adjustment of water tariffs by 0.34%, effective December 1, 2023.
This is contained in a press release dated November 23, 2023, signed by the Executive Secretary of PURC, Dr. Ishmael Ackah.
“Electricity Tariffs across the board have been reduced by 1.52% for the fourth quarter of 2023… Water tariffs have increased by 0.34% for the fourth quarter of 2023,” the statement read.
The adjustment is in line with the Commission’s Quarterly Tariff Review Mechanism using key factors such as the exchange rate between the US and the Ghana Cedi, the domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.