The International Monetary Fund (IMF) has endorsed Ghana’s proposed utility tariff hikes, describing them as essential for addressing inefficiencies and ensuring long-term stability in the country’s energy sector.
Speaking to journalists in Washington, D.C. on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, emphasized that tariff adjustments are necessary to restore financial viability in the sector and to attract much-needed investment.
“What is essential from our perspective is that any tariff adjustments in the electricity sector aim to address longstanding inefficiencies, support investment, and prevent the accumulation of arrears,” Kozack stated.
She also noted that the IMF’s support extends beyond pricing reforms.
“More generally, we are continuing to support broader sector reforms, including increased private sector participation in ECG operations,” she added.
These reforms, according to the IMF, form part of Ghana’s broader strategy to improve the performance of state-owned enterprises and reduce fiscal risks.
The IMF’s comments come as the Public Utilities Regulatory Commission (PURC) reviews tariff proposals submitted by utility providers. The Electricity Company of Ghana (ECG), in particular, has requested a tariff increase of over 200 percent, citing the need to address the sector’s mounting debt and ensure sustainable service delivery.
The PURC is currently holding stakeholder consultations ahead of the expected implementation of new tariffs on October 1, 2025.
