The Minister of Energy, Mr Boakye Agyarko has said that electricity tariff is expected to be reviewed downwards next year when government presents the 2018 budget to parliament in November this year.
He said that due to moves to stabilize power supply in the country, the government has not been able to reduce tariff this year even though it promised doing so ahead of the 2016 elections.
“On the budget, it is our faithful expectation that we should be able to reduce tariff. We are getting a lot of corporation in so doing. So we believe that through this budget to the end of the year we should be able to start bringing the prices down,” he said at a press conference in Accra on Wednesday.
Mr. Agyarko explained that government was working to stabilize the price by reducing waste in the power generation and distribution systems.
“When we set out, the commitment was that we need to correct two things. One was stabilizing power so that we get the product that we are paying for. I believe that we have largely succeeded in stabilizing the supply of power”.
“Our next mandate is to begin the reduction of prices, and the reduction of prices takes a number of forms. Levies which we did in the last budget,” he added.