The Trades Union Congress (TUC) has urged the Public Utilities Regulatory Commission (PURC) to reduce the cost of water and power further, as the Commission prepares for the 2019 tariff review.
The Labour Union is making this demand because it expects the key determinants of the pricing of the utilities to favour a possible tariff reduction.
TUC says in 2019, it is expected that the price of fuel and natural gas will also reduce. Inflation is also expected to reduce to a single digit and the value of the Ghana Cedi is expected to be stable.
This was contained in a statement issued in Accra.
It believes that a further reduction in tariffs will stimulate economic growth that could lead to increased job creation.
The statement stated that the PURC began the processes for the review of tariffs this year and directed the utility companies to submit proposals for consideration by end of October.
The utility companies which include ECG, GRIDCO, the Ghana Water Company Limited, the Northern Electricity Distribution Company of the Volta River Authority and Enclave Power, will present their proposals ahead of the announcement of new tariffs by the PURC in December.
Organisations, groups and the public were also expected to submit proposals to the PURC for the tariff adjustments by the 12th of this month.
The TUC says as a mouthpiece of workers in Ghana, if its proposal for the reduction in tariffs is heeded, it will significantly trigger the growth of Ghana’s economy.