{"id":140289,"date":"2025-09-13T05:31:05","date_gmt":"2025-09-13T05:31:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/140289\/"},"modified":"2025-09-13T05:31:05","modified_gmt":"2025-09-13T05:31:05","slug":"imf-backs-massive-tariff-hikes-to-fix-ghanas-energy-sector","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/140289\/","title":{"rendered":"IMF backs massive tariff hikes to fix Ghana&#8217;s energy sector"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/IMF-backs-massive-tariff-hikes-to-fix-Ghana-s-energy-sector-2000377?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/79094103.295.jpg\" alt=\"Julie Kozack is the Director of Communications at the IMF\" title=\"Julie Kozack is the Director of Communications at the IMF\" width=\"295\" height=\"194\" \/> <\/a>Julie Kozack is the Director of Communications at the IMF<\/p>\n<p id=\"article-123\">The <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3679\" rel=\"nofollow noopener\">International Monetary Fund<\/a> (IMF) has backed calls by energy companies for significant tariff adjustments.<\/p>\n<p>The IMF\u2019s Director of Communications, Julie Kozack, stated that the proposed tariff increases would help address Ghana&#8217;s long-standing challenges in the energy and power sectors.<\/p>\n<p>Several state-owned utility companies have submitted proposals to the Public Utilities Regulatory Commission (PURC), each seeking major tariff adjustments to sustain operations, improve infrastructure, and ensure long-term service delivery.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/IMF-hails-Ghana-s-fiscal-progress-predicts-sharp-drop-in-debt-to-GDP-2000326\" target=\"_blank\" rel=\"nofollow noopener\">IMF hails Ghana&#8217;s fiscal progress, predicts sharp drop in debt-to-GDP<\/a><\/p>\n<p>According to the companies, the proposed adjustments are necessary due to operational challenges and the environmental damage caused by illegal mining (galamsey). Some proposals represent increases of more than 200%.<\/p>\n<p>Kozack said the IMF also fully supports \u201cbroader energy sector reforms, including private sector participation in the operations of the Electricity Company.\u201d<\/p>\n<p>She added that these reforms form part of a broader plan to enhance the performance of state enterprises in Ghana and mitigate fiscal risks.<\/p>\n<p>Kozack also lauded Ghana&#8217;s efforts in restoring confidence in the economy through fiscal discipline.<\/p>\n<p>\u201cGrowth, for instance, continues to outperform expectations,\u201d the IMF Communications Director noted.<\/p>\n<p>Watch the latest edition of BizTech below:<\/p>\n<\/p>\n<p>SSD\/MA<\/p>\n","protected":false},"excerpt":{"rendered":"Julie Kozack is the Director of Communications at the IMF The International Monetary Fund (IMF) has backed calls&hellip;\n","protected":false},"author":2,"featured_media":140290,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-140289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/140289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=140289"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/140289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/140290"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=140289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=140289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=140289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}