COVID-19: Electricity tariff cut good move – Kojo Poku

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Energy Expert and CEO of GASOP Oil, Kojo Poku has lauded President Nana Addo Dankwa Akufo-Addo for reducing electricity tariff as a way of easing the pressure on Ghanaians after placing restrictions in some parts of the country following the COVID-19.

Mr Poku noted that the reduction in the electricity bills will help to ameliorate the hardship Ghanaians are saddled with at the moment following the COVID-19 outbreak.

President Akufo-Addo’s promise that government will take responsibility of 50% of electricity bills for consumers for a 3-month period was met with resistance from the Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye

Mr Boakye said the decision was rushed and may result in a dire consequence.

“The IPPs [Independent Power Producers] are owed over a billion dollars as we speak. Gas consumption is also not being paid for. If you check the OCTP payment schedule, since October there haven’t been payments for gas that is being consumed. This is a burden that sits on the books of the government as we speak,” he said.

The ACEP Director said the policy was “so regressive” adding that there will come a time where government will struggle to raise money to deal with the core issue.

“If you consume GHS18 government absorbs your electricity bill. But for the average person or the rich that is consuming GHS5,000 a month… government is going to pay GHS2,500 of your bill for you. This is so regressive that you don’t need to have that intervention at a time that government is struggling to raise money to deal with the core issue,” he said in an interview with Joy News.

But speaking on TV3 360 News Sunday April 12, Mr Kojo Opoku said : ‘This is not the time to talk about debt.”

He said the decision is “laudable one.”

Source: Laudbusiness.com/Ghana

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