The International Monetary Fund (IMF) has shown its support for Ghana’s suggested adjustments to utility tariffs, characterizing them as crucial for addressing inefficiencies and attracting investment in the nation’s electricity sector.
During a press conference in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, stated that the Fund’s endorsement is tied to the broader objective of restoring financial stability within the energy sector.
“From our viewpoint, it is imperative that any adjustments to tariffs in the electricity sector focus on rectifying long-standing inefficiencies, importantly, that they facilitate essential investment in the electricity sector, and also that they aim to avert the buildup of arrears in the energy sector,” she elaborated.
Ms. Kozack further indicated that the IMF’s support extends beyond mere tariff evaluations.
“In a broader context, we are persistently backing extensive sector reforms, which include encouraging private sector involvement in ECG operations,” she remarked.
She mentioned that these reforms are integral to ongoing initiatives aimed at enhancing the performance of state-owned enterprises and mitigating fiscal risks.
The IMF’s statements arrive as the Public Utilities Regulatory Commission (PURC) deliberates on new tariff adjustments, which are anticipated to be implemented starting October 1, 2025.
The Commission is presently consulting with stakeholders regarding proposals put forth by utility providers, including the Electricity Company of Ghana (ECG), which has sought an increase in tariffs exceeding 200 percent.
The proposed review aims to assist in restructuring the escalating debt burden of the energy sector and to bolster the long-term viability of electricity supply.
