The Minority in Parliament has warned that electricity tariffs could increase significantly in 2027 as government seeks to meet payments arising from energy sector shortfalls.
Former Minister for Finance and Member of Parliament for Karaga, Dr Mohammed Amin Adam, raised the concern while addressing the media in Parliament following the presentation of the 2027 Budget Statement and Economic Policy by Finance Minister Dr Cassiel Ato Forson.
According to him, the government has allocated GH¢13 billion in the 2027 budget to settle energy sector shortfall payments, with a further GH¢7.8 billion earmarked for 2028.
Dr Amin Adam said the allocations contradict the government’s fiscal strategy, which had indicated that the energy sector shortfall would be reduced to zero by 2028.
He explained that unless the Electricity Company of Ghana (ECG) improves its revenue collection or electricity bills are increased, the shortfall is likely to persist.
He warned that electricity consumers should expect further tariff increases in 2027 as the government seeks to meet the outstanding energy sector obligations.
“I don’t have good news for you because in 2027, to be able to make these shortfall payments, electricity tariffs are going to increase further,” he said.
Dr Amin Adam further criticised the government’s economic approach, arguing that Ghanaians had expected relief but were instead being confronted with additional financial burdens.
“We expect our government to provide relief, but our government is providing more costs to us. This is also because the Dumsor Levy of GH¢1 per litre on fuel continues to stay at a time you and I are paying heavily,” he stated.
He maintained that the continued imposition of the levy, alongside the anticipated electricity tariff increases, would further increase the financial pressure on households and businesses.
