The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in electricity and water tariffs for the third quarter of 2024 with a 3.02 per cent increase in electricity and a 1.86 per cent rise in water, set to take effect from October 1.

In a statement issued on Saturday, 28 September 2024, the Commission cited factors such as inflation, fluctuations in the exchange rate, and changes in gas prices as the main drivers behind the decision.

The tariff adjustments will affect all categories of consumers nationwide.

“Following the quarterly tariff review, the Commission wishes to inform the public that there will be a 3.02 per cent increment in electricity tariffs and a 1.86 per cent increment in water tariffs for the Third Quarter of 2024 for all categories of customers,” the statement read.

The PURC explained that the decision was made with careful consideration of Ghana’s ongoing economic challenges and their impact on living standards.

The Commission balanced these factors with the need to maintain the competitiveness and sustainability of industries amidst rising costs.

Key parametres considered in the review included the inflation rate, the exchange rate, and the Weighted Average Cost of Gas (WACOG) over the projected third quarter, the PURC noted