The Executive Director of the Centre for Environmental Management and Sustainable Energy, Benjamin Nsiah, has sharply criticized state institutions for what he describes as economic mismanagement, arguing that their inefficiencies are being unfairly passed on to electricity consumers through increased tariffs. Apexnewsgh reports
The Public Utilities Regulatory Commission (PURC) recently announced a 14.75% rise in electricity tariffs, citing economic indicators such as the depreciation of the Ghana cedi, inflation trends, and fuel cost increases.
Nsiah dismissed the justification as a reflection of failure and irresponsibility by those tasked with managing the country’s economy. “What is happening about tariff adjustment is a reflection of an irresponsible state institution or persons who manage the state institutions,” he said.
He specifically criticized the Bank of Ghana and the Ministry of Finance for mismanaging the economy and failing to stabilize the currency.
Nsiah argued that the PURC’s reliance on these economic indicators as justification for the hike is fundamentally flawed, as the very institutions tasked with ensuring currency stability have failed in their responsibilities.
“I think that these state institutions and their appointees have not been fair to the end user because they are supposed to manage the cedi for it to be stable,” he added.
Source: Apexnewsgh.com
