pub-3681899678717355 Ghana’s Electricity Tariff Still Among Highest in West Africa – Employers Assoc.

 The cost of power in Ghana still remains among the highest in the sub-region and serves to increase the cost of production for industries in the country, the Ghana Employers Association has said.
Speaking at this year’s annual general meeting of the association in Accra, President of the Ghana Employers Association (GEA), Daniel Acheampong, said the cost of power remains a hindering factor to the competitiveness of local business and must be driven down significantly.
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He said such a move will no doubt retain existing investors and attract new local and foreign ones into productive sectors of the economy, thereby creating the much-needed jobs.

Mr Acheampong argued that in the drive toward an aggressively industrialised economy, the government needs to, as a matter of policy, discriminate some more in favour of ‘process power’ as against ‘utility power’, given the value-addition impact of the former on the economy.
The Association of Ghana Institute (AGI), in its 2nd Quarter Business Barometer Report, cited the cost of power as the key driver in many local manufacturing industries’ collapse.