Good governance requires consultation - GUTA faults utility tariff increase process
Joseph Paddy, Vice President of the Ghana Union of Traders Association (GUTA), criticized the process leading to the recent announcement of utility tariff increases. Speaking on Joy News' PM Express on Tuesday, Mr. Paddy stated, "We slept one night, woke up in the morning, and we heard announcements that they're going to be a tariff adjustment increase, and we're like, why so when we were not engaged." He insisted that government and regulators failed to engage key stakeholders before taking the decision, which he believes undermines basic principles of good governance.
Mr. Paddy argued that the justifications cited for the increases do not reflect current economic conditions, which he says are showing signs of stability and improvement. He pointed to recent performance of key macroeconomic indicators, including the exchange rate and interest rates, as evidence that pressure on businesses should be easing. He noted the stability of the cedi against the dollar for over 15 to 16 months, with the exchange rate at about 11.25 today, contrasting it with a previous period when it was around ¢17 to $1.
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The Ghana Union of Traders Association (GUTA) has criticized the recent utility tariff increases, citing a lack of stakeholder consultation. This
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