The plight of Ghanaians has been worsened following the unwelcoming news that tariffs have been increased by 2.22 per cent and 5.94 per cent for water and electricity across all the board for all customers.
This was announced by the Public Utilities Regulatory Commission (PURC).
A statement signed by the Executive Secretary of the PURC, Mrs Mami Dufie Ofori, said the increment was determined by the Automated Adjustment Formula (AAF), a tariff mechanism that seeks to track and incorporate movement in key determining factors to reflect the real cost of electricity and water quarterly.
This last quarter increment, according to the statement, was done taking into consideration some factors, which include inflation, the cedi-US dollar exchange rate, the price of crude oil, natural gas and fuel mix.
The power purchase cost, demand forecast and the cost of electricity (a major cost component in water production) also influenced the latest increment.
Meanwhile, the Communications Service Tax (CST), which has gone up from six per cent to nine per cent, will also take effect from today.
Information from Graphic.com.gh was also used in this report.
SOURCE: www.Ghgossip.com
