The International Monetary Fund (IMF) has endorsed Ghana’s planned utility tariff adjustments, stressing that they are crucial to resolving inefficiencies and attracting fresh investment into the electricity sector.
Speaking at a press briefing in Washington, D.C., on Thursday, September 11, 2025, IMF Director of Communications Julie Kozack said the Fund views tariff reforms as central to restoring financial health in the energy industry.
“From our perspective, tariff adjustments should help address longstanding inefficiencies, support critical investment in the power sector, and prevent the further build-up of arrears,” she stated.
Kozack emphasized that the IMF’s support extends beyond tariff changes to broader reforms, including promoting private sector participation in Electricity Company of Ghana (ECG) operations. These efforts, she explained, are aimed at improving the performance of state-owned enterprises and reducing fiscal vulnerabilities.
Her remarks coincide with ongoing consultations by the Public Utilities Regulatory Commission (PURC) on new tariff proposals set to take effect from October 1, 2025. Among the requests under review is a more than 200% increase submitted by the ECG.
The proposed hikes are expected to help restructure the sector’s mounting debt and enhance the sustainability of power supply in the long term.
NAIMOS has intensified its fight against illegal mining at some parts of the Ahafo Region,… Read More
Former Finance Minister Ken Ofori-Atta is scheduled to appear before a court in the United… Read More
The Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig Apanga, has advised… Read More
Renowned Ghanaian gospel music pioneer and founder of the Asomafo gospel ensemble, Yaw Sarpong, has… Read More
Former Forestry Commission official Charles Owusu has lauded former President John Mahama for demonstrating humility… Read More
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has attributed the recent decline in… Read More