IMF urges Ghana to sustain quarterly electricity tariff adjustments‎

The International Monetary Fund (IMF) has urged Ghana to sustain quarterly electricity tariff adjustments to reduce fiscal risks in the energy sector.‎ ‎The Fund attributed the improvement to tariff adjustments, enhanced revenue collection by the Electricity Company of Ghana (ECG), reduced use of liquid fuels in power generation, cedi appreciation and increased payments to energy suppliers through the Cash Waterfall Mechanism.‎ ‎The IMF said maintaining the tariff adjustment framework was critical to narrowing the energy sector financing gap, improving cost recovery and ensuring the sector’s ability to meet obligations to independent power producers (IPPs) and fuel suppliers.