The Association of Ghana Industries (AGI) is calling on government to ensure policies implemented do not stagnate macro-economic growth in the country.
This call comes on the back of the implementation of the upward quarterly tariff adjustment by the Public Utility Regulation Commission on February 1.
Speaking at a media briefing in Accra, the Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah said the constant rise in tariff threatens the growth of industry.
“Industries have been under pressure from an unstable business environment, hoping to see signs of recovery this year, the situation is further worsened by this utility tariff increment, inflation at 54.1%, VAT at 21.9%, fuel prices inching up, and threats of excise duty increments, which pose a serious threat to employment prospects and survival of businesses, ”He lamented.
“With the foregoing, AGI is calling on the PURC to maintain its beverage sector companies in their Industry category which has seen a 48% increment in water tariff. We believe Industries are a high revenue customer for GWCo and deserve equity in the water pricing we see.”
“We urge Government to help stem the tide of our macro-economic instability, which is a major trigger for some of the changes in tariffs levels and price hikes,” He added.
Source:
citibusinessnews.com
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