Govt intervenes in utilities upward adjustment

Accra, Nov. 2, GNA - The government has decided to absorb the cost of utilities tariff upward review announced by the Public Utilities Regulatory Commission (PURC) to commence on Wednesday November 1.

A statement issued from the Office of the President and signed by Mr Kwadwo Mpiani, Chief of Staff and Minister for Presidential Affairs, said "Government will continue its commitment to support the utility companies by giving them more funds to upgrade their investment in order to improve service delivery to the public."

The statement said while government accepted the PURC's view that there should be full cost recovery in provision of utilities, it believed that the time for the adjustment was not right especially in view of the relatively poor quality service and current load shedding exercise.