Tariff increase can't solve power crisis

The President of  the Association of Ghana Industries (AGI), Mr. James Asare-Adjei, has said the solution to the power crisis does not rest in continuous upward review of tariff but having effective and efficient operations of utility companies.

He further noted that stakeholders particularly government must ensure that utility providers offer value for money.

He said it was not in the interest of industry to continuously see tariff hikes since it affects their competitiveness and gave the strongest indication that the AGI opposes the proposed tariff increases.

He called for restructuring of the tariff system and effective collection of revenue by the Electricity Company of Ghana (ECG) to and to the perennial.

The AGI President said these at the 17^th AGM of AGI Ashanti and B/A, which was held under the theme “Enhancing SME opportunities in today’s financial market place,” also coincided with the elections for the leadership of the Association in the two regions and the opening of AGI’s new office.

The chairmanship position was keenly contested and was between Afua Gyamfua Owusu-Akyaw, Chief Executive of Gyamfua Ababio Investment Limited and the royal Larmeta Hotel and the Managing Director of Agricare Limited Mr. William Awuku Ahiadormey.

The Chief Executive of Gyamfua Ababio Investment Limited and the royal Larmeta Hotel, Afua Gyamfua Owusu-Akyaw has been voted as the new chairperson while the deputy position went to Daniel Agyei, Chief Executive of Danny Praise Computers.