Business News of Wednesday, 10 January 2018

Source: atinkaonline.com

We never promised 21% reduction in electricity tariffs – Energy Ministry

Boakye Agyarko, Energy Minister Boakye Agyarko, Energy Minister

The Energy Ministry has denied rumours that the ministry promised a 21% reduction in electricity tariffs.

The Chamber of Petroleum Consumers (COPEC) Ghana announced in a statement prices of fuel had been hiked by 4%.

According to the statement, fuel prices that used to trade at Ghc4.490/litre for both petrol and diesel have seen an increase to 4.670 a difference of about 18p or some 4.008% increases, price per gallon per the new increases is now Ghc21.015 from the previous Ghc20.20 for both products.

However, speaking to Ekourba Gyasi on Atinka AM Drive Wednesday, Communication Director at the Ministry of Energy, Nana Kofi Oppong Damoah debunked the rumour and urged the Minority in Parliament to desist from spreading lies.

According to him, no section of the budget stipulated that electricity tariffs would be reduced by 21%. He added that the budget only made mention of a new electricity pricing which stipulated a 13% reduction in average households among others.

He explained that if the Minority seeks to engage the general public then they should do it with much credibility.