The International Monetary Fund (IMF) has voiced support for Ghana’s proposed utility tariff adjustments, calling them crucial for addressing inefficiencies and attracting investment in the country’s electricity sector.
Speaking to journalists in Washington, D.C., on Thursday, September 11, 2025, the IMF’s Director of Communications, Julie Kozack, said the Fund’s endorsement is tied to broader efforts to restore financial stability in the energy sector.
“What is essential from our perspective is that any tariff adjustments in the electricity sector aim to address longstanding inefficiencies in the sector, importantly, that they support much-needed investment in the electricity sector, and also that they are aimed at preventing the accumulation of arrears in the energy sector,” she explained.
Ms. Kozack added that the IMF’s support extends beyond tariff revisions.
“More generally we are continuing to support broader sector reforms including private sector participation in ECG operations,” she noted.
She further explained that these reforms form part of ongoing efforts to improve the performance of state-owned enterprises and reduce fiscal risks.
The IMF’s remarks come as the Public Utilities Regulatory Commission (PURC) reviews new tariff adjustments expected to take effect from October 1, 2025.
The Commission is engaging stakeholders on proposals submitted by utility providers, including the Electricity Company of Ghana (ECG), which has requested a tariff increase of over 200 percent.
The proposed review aims to restructure the energy sector’s growing debt and strengthen the long-term sustainability of electricity supply.
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