General News of Tuesday, 4 June 2024
Source: Citi News
The Food and Beverage Association of Ghana (FABAG) has raised concerns about worsening economic conditions following the Public Utilities Regulatory Commission’s announcement of increased electricity and water tariffs from July 1.
The increases included a 3.45% hike in electricity tariffs for lifeline consumers, a 5.84% rise for other residential consumers, and a 5.16% increase in water tariffs.
FABAG Executive Chairman John Awuni warned that the economic pressure could undermine anti-corruption efforts, as individuals in survival mode might resort to corrupt practices.
He highlighted that the struggle to cope with rising living costs may drive people to privatize their workspaces for extra income.