• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

GUTA Slams Tariff Hikes Amid Utility Rot

April 16, 2025
Lilian Ahedorby Lilian Ahedor
in Vaultz Business
0
GUTA on cedi appreciation

GUTA

The Ghana Union of Traders’ Associations (GUTA) has slammed the recent utility tariff hikes, blaming them on deep-seated inefficiencies and mismanagement within the country’s public utility sector.

According to the Association, the Public Utilities Regulatory Commission (PURC)’s reasons for the increment “do not hold water,” and reflect a broader culture of inefficiency, corruption, and a lack of accountability in the sector.

While GUTA acknowledged the inevitability of change, they insisted that “life is not static,” and adjustments to tariffs should be driven by necessity, not the “whim of any particular body.” 

RelatedPosts

“Tear Down the Barriers!” – Stellenbosch Panel Calls for Urgent Overhaul to Boost Intra-African Trade

MTN Ghana Deepens Customer Connections in Eastern Region with $250 Million Network Investment

BoG Moves to Unlock Short-Term Capital for SMEs Through New Receivable Discounting Framework

Their statement painted a grim picture of a utility sector plagued by wasteful spending, theft, and a disregard for public accountability.

PURC blamed for hiked electricity tariff
PURC and ECG tariff hikes

“Some of which are: Inflating the cost of purchases and other charges for individual benefits to the detriment of the state.

“Ineffective system of collection of bills from defaulters, especially from the state institutions, resulting in outstanding debts, which are eventually and unfairly passed on to other consumers of the Utilities, thereby surcharging domestic and commercial consumers in the country for these inefficiencies.”

Ghana Union of Traders’ Associations (GUTA)

The organization voiced serious concern about the persistent failure of utility providers to recover debts from government institutions—burdens that are then unfairly transferred to ordinary Ghanaians through higher tariffs, despite their already difficult economic circumstances.

GUTA also criticized the Public Utilities Regulatory Commission (PURC), accusing it of inadequate oversight, particularly in monitoring and evaluating utility providers to ensure value for money and prevent mismanagement or corruption.

Broken System Undermining National Development

Additionally, GUTA highlighted a deeply troubling revelation concerning the disappearance of over a thousand containers reportedly owned by the Electricity Company of Ghana (ECG).

According to the Association, these containers have inexplicably gone missing, with some eventually discovered in unexpected places such as the Central Region and even within the compound of a manufacturing firm in Tema.

ecg scandal
missing ECG Containers at the port

For GUTA, such scandals underline the depth of dysfunction. 

Accordingly, the Association argued that if the PURC had enforced strict standards and maintained rigorous oversight, most of these problems—including theft, mismanagement, and revenue losses—could have been curtailed. 

Instead, the consequences have spilled over into the private sector, stifling productivity, increasing production costs, and weakening Ghana’s ability to stabilize its currency and economy.

They believe the private sector, particularly local industries and agriculture, is bearing the brunt of a corrupt and bloated public service. 

“Save those revenues to support the Private Sector, especially our local industries and the agriculture sector… to help reduce importation, stabilize our economy, and take care of our currency depreciation and food inflation.”

Ghana Union of Traders’ Associations (GUTA)

GUTA lamented that the public sector has become a “gold mine,” where individuals enter public office solely for personal enrichment. 

The Association believes this parasitic approach to national resources has left the country economically stunted despite its vast natural and human capital.

GUTA Urges Structural Reforms, Tariff Hikes 

Furthermore, Ghana’s business community pushed for a fundamental change in how the country manages its public utilities. 

Ghana's economy
Economic Chart

GUTA urged state actors and government institutions to join forces with relevant stakeholders in order to tackle the deep-rooted inefficiencies and governance failures plaguing the sector.“Ghana is endowed with superfluous resources, human and material, that can easily catapult the nation into economic advancement.” 

However, without structural reform, those riches will remain untapped, locked behind bureaucratic greed and inertia.

To this end, they appealed directly to the government to prioritize accountability in the public sector. 

The Association also suggested that the government investigate and expose those who “steal, divert, misappropriate, misapply, and/or loot state funds or property,” and recover the stolen wealth of the state. 

Without this action, GUTA warned, Ghana will continue to exist in “seeming poverty and squalor in the midst of plenty.”

The Association’s fierce opposition to the tariff increase isn’t just about rates—it is about the structural rot that has made basic services increasingly unaffordable for ordinary Ghanaians while enriching a few. For GUTA, this is a moment for national reckoning.

READ ALSO: GSE Hit by a Proverbial Lull

Tags: corruption in utilitiesGUTApublic sector inefficiencyPURCTariffutility tariff hike
Please login to join discussion
Previous Post

Youth Drive United Nations’ Push For Sustainable Global Future

Next Post

Entrenched Judicial Rot Derailing Ghana’s Anti-Galamsey Drive – Activist

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Fameye Reflects on Childhood Struggles
Entertainment

Fameye Reflects On TGMA 2025 Glitches

July 22, 2025
Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu
General News

Education Minister Directs Inventory of Uncompleted GetFund Projects

July 22, 2025
Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products
Economy

Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products

July 22, 2025
Ghana National Petroleum Corporation (GNPC)
Extractives/Energy

Auditor-General Flags GNPC Over $768m for Procurement Irregularities 

July 22, 2025
IMANI Africa, Party, Amendment
General News

NPP’s Reform Agenda Faces Questions Over Clarity and Consistency

July 22, 2025
U.S To Rejoin UNESCO
USA

US To Withdraw From UNESCO Again

July 22, 2025
Fameye Reflects on Childhood Struggles
Entertainment

Fameye Reflects On TGMA 2025 Glitches

by Esther Korantemaa OffeiJuly 22, 2025
Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu
General News

Education Minister Directs Inventory of Uncompleted GetFund Projects

by Evans Junior OwuJuly 22, 2025
Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products
Economy

Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products

by Stephen M.CJuly 22, 2025
Ghana National Petroleum Corporation (GNPC)
Extractives/Energy

Auditor-General Flags GNPC Over $768m for Procurement Irregularities 

by Prince AgyapongJuly 22, 2025
IMANI Africa, Party, Amendment
General News

NPP’s Reform Agenda Faces Questions Over Clarity and Consistency

by Silas Kafui AssemJuly 22, 2025
U.S To Rejoin UNESCO
USA

US To Withdraw From UNESCO Again

by Comfort AmpomaaJuly 22, 2025
Fameye Reflects on Childhood Struggles
Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu
Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products
Ghana National Petroleum Corporation (GNPC)
IMANI Africa, Party, Amendment
U.S To Rejoin UNESCO
[/vc_row_inner]

Recent News

  • Fameye Reflects On TGMA 2025 Glitches
  • Education Minister Directs Inventory of Uncompleted GetFund Projects
  • Mid-Year Budget: VAST Ghana Calls for Excise Taxes on Harmful Products
  • Auditor-General Flags GNPC Over $768m for Procurement Irregularities 
  • NPP’s Reform Agenda Faces Questions Over Clarity and Consistency
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.