Tsonam Akpeloo is AGI’s Greater Accra Regional Chairman

‎The Association of Ghana Industries (AGI) has expressed concern over the recent 2.45% increase in electricity tariffs, warning that the hike could undermine the effective rollout of the government's 24-Hour Economy initiative.
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‎In an interview with Citi News, AGI’s Greater Accra Regional Chairman, Tsonam Akpeloo, stressed that both the timing and size of the increase are troubling, particularly for businesses expected to operate for longer hours under the new policy.
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‎According to him, 2.5% tariff increase might seem manageable under normal working hours, but the cost implications will be much greater with extended operations.
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‎“A 2.5% increase under normal production is one thing, but with extended hours, the actual cost impact will be far greater" he said.
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‎The Ghana Union of Traders Association (GUTA) shared similar concerns, warning that the hike will inevitably lead to higher prices for consumers.
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‎Dr Joseph Obeng, President of GUTA, emphasised that businesses can’t absorb the extra costs indefinitely.
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‎“This time, it won’t just be complaints. Take plastic manufacturers, they’ve seen their taxes raised to 7% and have already responded by increasing prices. Expect more of that” he stated.
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‎Both AGI and GUTA are urging the government to reconsider the broader economic effects of increasing utility tariffs, especially as it prepares to introduce new policies meant to drive productivity and lower living costs.
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‎DR/MA
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