• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Cost of electricity likely to go up in the coming weeks

4 years ago
in Business, Editor's pick, Energy, highlights, Home, home-news, latest News
2 min read
0 0
0
279
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Cost of electricity likely to go up in the coming weeks

The Electricity Company of Ghana (ECG) has disclosed that there might be a possible increase in the cost of electricity in the coming weeks as it commences plans to adjust its tariffs.

A director at the Office of the Managing Director, Noble Dorwume, indicated that a  request has been tabled with the Public Utility Regulatory Commission (PURC) for consideration and approval.

ECG revealed this at a  meeting with the PURC in Tamale on Friday, March 11, adding that the review of the tariffs would be based on the classification of the Company’s customers.

“We have given an upward review based on the cost, inflation and other economic parameters.”

“So, it will depend on how PURC looks at it and which group should have a slight adjustment, which one should have a downward review and will give us the needed revenue with which we will be able to run this business successfully,” he explained.

The Africa Centre for Energy Policy (ACEP), in August 2021, raised concerns over what it described as wastage within the power distribution company, coming at the back of the Auditor-General’s disclosure that the ECG, between 2014 and 2016, procured prepaid metres and conductors worth GHS 59 million but were not utilised.

RelatedPosts

Gold Price Bounces Back Above $4,000

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

The AG’s audit report added that the Company expended over GHS 180 million as a capacity charge by Cenit Energy in 2018.

The last time ECG increased electricity tariffs was in October 2019, which was a 5.94 per cent increment.

Meanwhile, the Company has introduced a system that will reward persons who report those engaged in illegal connections to enable them to enjoy power for free.

According to the ECG Tema Region General Manager, Emmanuel Akinie, illegal connections are denying the power distribution company valuable revenue.

He says the new system will ensure that a massive revenue mobilisation drive is instituted to minimise the country’s energy sector debt.

“It is wrong to steal power, but what we have also done is that anybody who reports somebody who has carried out illegal connection gets something out of the money that we’ll recover from the illegality.”

“We are encouraging people to report those who are involved in illegal connections. Once we can detect that there is illegality involved, you’d be entitled to some percentage of the amount that we bill,” he said.

Emmanuel Akinie warned perpetrators of the crime to stop as the law will soon catch up with them and get them prosecuted for their offences.

Tags: Africa Centre for Energy Policy (ACEP)Cost of electricity likely to go up in the coming weeksElectricity Company of Ghana (ECG)Public Utility Regulatory Commission (PURC)
No Result
View All Result

Highlights

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

GSE Opens Week Positive as Financial Stocks Lift Market Indices

Kyei-Mensah-Bonsu Lauds GoldBod’s Role in Boosting Ghana’s Economic Recovery

Sixteen Teams Confirmed for CAF Confédération Cup Group Stage as Giants, Debutants and Drama Define Final Qualifiers

Al Ahly, Sundowns and AS FAR Lead Star-studded TotalEnergies CAF Champions League Group Stage Field

FIFA Launches Second Phase of World Cup Ticket Sales, Focus on Host Nations

Trending

Business

Gold Price Bounces Back Above $4,000

October 28, 2025

Gold Price Bounces Back Above $4,000 Gold clawed back some losses after plunging below $4,000 an ounce...

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

October 28, 2025

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

October 28, 2025

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

October 28, 2025

GSE Opens Week Positive as Financial Stocks Lift Market Indices

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.