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Thursday, November 3, 2016

Industry wants removal of subsidy on residential consumers of electricity

The Association of Ghana Industries (AGI) has reiterated calls for the removal of subsidy on residential consumers of electricity being borne by industry.

President of AGI, James Asare-Adjei, says industry is no longer in the position to subsidize residential consumers in the payment of electricity tariffs.

“We need a drastic action on this in order not to disadvantage industry players,” he stated.

Unreliable power supply has been one of the major challenges to businesses in recent times.

Mr. Asare-Adjei acknowledged the significant improvement in energy supply to Ghanaian businesses.

He however said “the improvement in the energy supply has brought in its wake the high and unbearable electricity tariff to industries in particular and businesses in general”.

Residential consumers pay 60 percent of power cost, whilst the government and industry pay the remaining 40 percent.

By Kofi Adu Domfeh

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