Ghana has topped the list of countries with the cheapest cost of electricity for household use in West Africa.
According to data from GLOBALPETROLPRICES.COM, a website that tracks the retail prices of motor fuel, electricity, and natural gas in over 150 countries, Ghana stood in 9th place as the country with the cheapest cost of electricity for household use in Africa and 27th place in the world.
The world average price of electricity is pegged at US$0.133 per kilowatt/hour for household users and US$0.124 per kWh for business users.
Ghana 🇬🇭 has been ranked 1st in West Africa, 9th in Africa, 27th globally with the cheapest cost of electricity for households. In fact it is even cheaper today than in 2016, both nominally and in real terms.
World average price of electricity $0.133/kWh; $0.046 in Ghana.
— Gabby Otchere-Darko (@GabbyDarko) June 20, 2022
But in Ghana, the cost of electricity per kilowatt/hour for household users is US$0.046 cents per kilowatt/hour, according to the website.
This development comes at a time where the Electricity Company of Ghana has made a case for an upward review in tariffs to enable it to cover the full cost of distributing power.
ECG last month proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.
The proposed sharp increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.
Similarly, the Ghana Water Company also proposed an increment in its tariffs by over 300% to be able to, at least, recover its operational cost.
The proposals have generated huge public discussions, with a majority of the public kicking against the request.