The Public Utilities Regulatory Commission (PURC) has hinted at a possible reduction in utility tariffs if the Ghanaian cedi continues to maintain its current strength against the US dollar over the next three months.
Dr. Eric Obutey, Director of Research and Corporate Affairs at the PURC, made the disclosure in an interview with JoyNews, explaining that the Commission’s quarterly tariff review mechanism is heavily influenced by macroeconomic indicators particularly the exchange rate, inflation levels, and the cost of fuel inputs in power generation.
“If the cedi continues to hold steady over the next review cycle, consumers could see some downward adjustment in tariffs,” Dr. Obutey stated.
The cedi has recently appreciated significantly, gaining ground from GH¢15.50 to GH¢13.30 per US dollar between mid-April and early May 2025 a development attributed to improved fiscal discipline, increased foreign reserves, and investor confidence.
Dr. Obutey noted that while exchange rate performance plays a dominant role, the overall tariff review also factors in the utility providers’ revenue requirements and operational cost sustainability.
The next tariff adjustment is scheduled for July 2025.
The PURC has called on consumers and stakeholders to monitor macroeconomic developments and manage expectations, assuring that the Commission remains committed to transparency and fairness in tariff setting.
By: J.W Quarm
