Tariff hikes critical for Energy sector stability – IMF
The International Monetary Fund (IMF) has expressed support for Ghana’s proposed utility tariff adjustments, describing them as vital to fixing inefficiencies and attracting investment into the country’s electricity sector.
Addressing journalists in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, said the Fund’s backing is linked to the broader goal of restoring financial stability in the energy sector.
“What is essential from our perspective is that any tariff adjustments in the electricity sector aim to address longstanding inefficiencies in the sector, importantly, that they support much-needed investment in the electricity sector, and also that they are aimed at preventing the accumulation of arrears in the energy sector,” she explained.
Ms. Kozack added that the IMF’s support goes beyond tariff reviews.
“More generally we are continuing to support broader sector reforms including private sector participation in ECG operations,” she noted.
According to her, these reforms are part of ongoing efforts to improve the performance of state-owned enterprises and reduce fiscal risks.
The IMF’s comments come as the Public Utilities Regulatory Commission (PURC) considers new tariff adjustments, expected to take effect from October 1, 2025.
The Commission is currently engaging stakeholders on proposals submitted by utility providers, including the Electricity Company of Ghana (ECG), which has requested a more than 200 percent increase in tariffs.
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The proposed review is intended to help restructure the energy sector’s growing debt burden and strengthen the long-term sustainability of electricity supply.
