The Ghana Union of Traders’ Associations (GUTA) has expressed concern over the latest increase in electricity and water tariffs, insisting that Ghana’s current economic performance does not support the decision.
According to the association, recent improvements in key economic indicators, including the relative stability of the Ghana cedi, easing inflation and declining fuel prices, should have created room for utility costs to remain unchanged or even be reduced.
GUTA believes the tariff adjustment will place an additional financial burden on businesses, particularly small and medium-sized enterprises (SMEs), which are already dealing with high operating costs and a challenging business environment.
The association warned that higher utility charges could force many businesses to increase the prices of goods and services, ultimately affecting consumers and slowing economic recovery.
It therefore called on the Public Utilities Regulatory Commission to review the tariff adjustment and ensure future pricing decisions reflect prevailing economic realities.
GUTA also urged policymakers to adopt measures that support businesses and encourage investment instead of introducing additional costs that could weaken the private sector.
The association maintains that reducing the cost of doing business remains essential to boosting economic growth, creating jobs and improving the competitiveness of Ghanaian enterprises.
