"Load shedding timetable to possibly increase prices of goods \u2013 AGI"

" \n The Association of Ghana Industries (AGI), has indicated that some firms in the country may be forced to increase prices of goods over how the planned load shedding exercise by the Electricity Company of Ghana (ECG) is to be implemented. \n \n\n \n Speaking to the media, Chief Executive Officer (CEO) of the AGI, Seth Twum Akwaboah, opined that firms badly hit by the load shedding exercise may pass on the costs incurred to consumers. \n \n\n \n His comment follows some assertions that the ECG is to soon publish a load shedding timetable as the Ghana Grid Company Limited (GRIDCo) embarks on works to upgrade its systems. \n \n\n \n \u201cIf it doesn\u2019t last long, then during the period when production is not in process due to the power outage, firms will have to double up production if possible when power returns to be able to meet the demand of customers.\u201d \n \n\n \n \u201cHowever, if it lasts long, firms will have no choice but to cut down production. Within a certain period, companies can afford it but if the load shedding programme goes on beyond a certain period, then companies will have no choice but to pass it on in the form of higher prices,\u201d he said. \n \n\n \n \u201cBut I think it\u2019s too early to make such a conclusion, so let\u2019s first wait for the load shedding timetable to be published, then we can make an assessment of it and know of it\u2019s going to have an impact on prices and production,\u201d he added. \n \n\n \n Some parts of Accra have recently been witnessing power outages, a situation the leadership of GRIDCo at a presser held by the Ministry of Information on Thursday, April 1, attributed mainly to the shortage of gas supply from the West African Gas Pipeline Company (WAPCo). \n "

"Load shedding timetable to possibly increase prices of goods \u2013 AGI"

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