Commercial businesses in the country will in the coming days pay less for power as part of measures by government to cushion businesses in the country through its price discrimination policy.
The move is aimed at stimulating growth in the private sector.
The Minister for Energy, John Peter Amewu made this revelation on Friday, March 2020, while speaking to reporters at the premises of the Prampram Coldstore and Refrigeration Network in the Greater Accra Region.
The sector minister was at the facility to inspect the reactivation of the facility which had been shut down for about three years due to the inability of the facility to defray it’s accumulated energy debt.
Speaking to journalists Mr Amewu noted that to prevent the occurrence of such unfortunate cases, his ministry is coming up with a policy that will ensure realistic power tariffs for businesses.
According to John Peter Amewu, such an energy price discrimination policy, as intended by government, will propel the growth of businesses which will eventually lead to an expansion of the economy.
“We as an Energy Ministry going forward will come up with an energy policy direction in terms of the application of how we differentiate in price discrimination so that at least industry, commercial users should begin to pay something that they can work with. So we are going to differentiate [price discrimination],” the minister said.
He continued, “we believe that can make the industries grow and when the industry grows there is an expansion in the economy and employment. The multiplier effect goes to affect everybody.”
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