The Minority caucus has warned of a potential quarterly increase in electricity bills under the incumbent government.

Addressing the nation on the 2025 budget during a press briefing on March 13, 2025, the Minority stated that the government, in its budget reading and allocations, failed to address concerns regarding a potential increase in electricity tariffs.

They indicated that electricity prices would be adjusted every three months (quarterly), with no policy intervention from the government to cushion ordinary citizens.

“Unfortunately, these issues were not addressed in the economic policy. Those who were hoping for efforts to halt further increases in electricity bills were disappointed to learn that electricity prices would instead be adjusted every quarter. This quarterly adjustment, with no policy intervention from the NDC government, will result in an increase in electricity tariffs every quarter,” they stated.

The Minority NPP MPs further disclosed that the government had removed subsidies on gas prices, which they argued would contribute to a rise in the base rate and an overall increase in energy prices.

They criticized the government for failing to provide alternatives to mitigate the impact of rising electricity tariffs.

“Worse still, the government has secretly removed subsidies on gas prices, thereby increasing the weighted average cost of gas from $7.8 to $8.4 per MMBtu. This means that not only will energy prices rise, but they will do so at a higher base rate from now on. There is no hope of resetting energy pricing,” they added.

The Minister of Finance, Dr. Cassiel Ato Forson, presented the 2025 budget in Parliament on March 11, 2025.

MAG/MA

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