{"id":9686,"date":"2014-03-30T19:04:31","date_gmt":"2014-03-30T19:04:31","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=9686"},"modified":"2014-03-30T19:04:31","modified_gmt":"2014-03-30T19:04:31","slug":"ghana-is-becoming-very-very-expensive-sydney","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/ghana-is-becoming-very-very-expensive-sydney\/","title":{"rendered":"\u2018Ghana is becoming very, very expensive\u2019 &#8211; Sydney"},"content":{"rendered":"<p><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/613.jpg\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-7457\" alt=\"Sydney Casely-Hayford\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/613.jpg\" width=\"5184\" height=\"3456\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/613.jpg 5184w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/613-300x200.jpg 300w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/613-1024x682.jpg 1024w\" sizes=\"(max-width: 5184px) 100vw, 5184px\" \/><\/a>Financial Analyst, Sydney Casely-Hayford says Ghana is rapidly becoming an expensive nation to live in due to the economic hardships and the frequent increases in utility tariffs.<\/p>\n<p>\u201cGhana is becoming very, very, very expensive,\u201d he lamented.<\/p>\n<p>According to him, a website he <span class=\"GINGER_SOFTWARE_mark\" id=\"6614ad50-764d-4510-bbe0-fb1dd585a126\">visited which<\/span> compares the cost of living across countries and \u201cif you go in there and you look at Ghana\u2019s position<span class=\"GINGER_SOFTWARE_mark\" id=\"123f7d9e-e89b-426a-8351-cc804d3b5b5a\">\u2026<\/span>you will find that in every indicator, Ghana is always too high in cost, too low on benefits and it\u2019s a frightening thing.\u201d<\/p>\n<p>The Public Utilities and Regulatory Commission (PURC) <span class=\"GINGER_SOFTWARE_mark\" id=\"870c4087-7420-405b-bb8d-33742bd28115\">has increased<\/span> tariffs of electricity and water to 12.09% and 6.05% respectively for the second quarter of the year using the Automatic Adjustment Formula.<\/p>\n<p>It <span class=\"GINGER_SOFTWARE_mark\" id=\"ccc78940-6462-4768-af61-a9a874dc763a\">however announced<\/span> a deferment of the implementation date from April 1, 2014 to a new date which is yet to be announced.<\/p>\n<p>The Automatic Adjustment Formula is a pricing mechanism based on factors that reflect the actual cost of electricity and water supply.<\/p>\n<p>The PURC started using this formula from January 1 with an upward adjustment in tariffs.<\/p>\n<p>Responding to the recent increment announcement on <strong>Citi FM\u2019s<\/strong> <em><strong>The Big Issue<\/strong><\/em>, Mr. Casely-Hayford demanded that the PURC should enlighten Ghanaians on \u201cwhat goes into the formula and how it is calculated.\u201d<\/p>\n<p>He said it will enable consumers to be clear on \u201cwhat weighting they give to every single item in that formula and how we end up at 12% so we can have an independent view.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>By: Efua Idan Osam\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/osamidan\" data-show-count=\"false\">Follow @osamidan<\/a><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');\n\/\/ ]]><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Analyst, Sydney Casely-Hayford says Ghana is rapidly becoming an expensive nation to live in due to the economic hardships and the frequent increases in utility tariffs. \u201cGhana is becoming very, very, very expensive,\u201d he lamented. According to him, a website he visited which compares the cost of living across countries and \u201cif you go [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":7457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,17],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018Ghana is becoming very, very expensive\u2019 - Sydney - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/03\/ghana-is-becoming-very-very-expensive-sydney\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Ghana is becoming very, very expensive\u2019 - Sydney - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Financial Analyst, Sydney Casely-Hayford says Ghana is rapidly becoming an expensive nation to live in due to the economic hardships and the frequent increases in utility tariffs. \u201cGhana is becoming very, very, very expensive,\u201d he lamented. 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