The Association of Ghana Industries (AGI) has called for government to reduce the electricity tariff for local industries and address the over-billing errors being experienced by some of its members.
According to the AGI, its members are paying more than the agreed utility tariffs announced by the Public Utilities Regulatory Commission in December last year.
[contextly_sidebar id=”1D1XUr2wezJbztnaqt0kJd8P0ADsYHa2″]The AGI lamented that the situation has rendered their products uncompetitive when compared to foreign goods on the market.
Speaking on the Citi Breakfast Show, the Executive Officer of the AGI, Seth Twum Akwaboah, stressed the need for government to address the over-billing errors and the high cost of energy.
“We live in a competitive environment. We have a lot of products coming from abroad so we have to compete so if it is coming up as a major concern, we have to address it,” he explained.
He also noted that their assessment identified the high cost of energy as one of the main challenges of the local industries.
“We just released out first quarter barometer and we normally identify our challenges and high cost of energy came up as the definite challenge.”
Folding up will not be the first response of the local industries and business but Mr. Twum Akwaboah stated that the local industries risked losing their marked share if the problem was not tackled.
“However if it stays too long and we don’t look at it as a country and we don’t try to improve efficiency, we will gradually become uncompetitive in the market and then lose the market share.”
By: Delali Adogla-Bessa/citifmonline.com/Ghana