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The power sector in Ghana has been undergoing reforms. The main purposes of the reform are to improve the performance of companies in the industry, create an enabling environment that would attract private capital into the sector, and create a framework that would enable a competitive and unbundled industry structure to evolve. This paper explores whether and how public benefits have been catered for in the ongoing reform process in Ghana. The paper reveals that the reform process in the country has provided adequate safeguards against adverse social and environmental consequences of reform. In addition, opportunities for advancing public benefits have been exploited. The paper concludes that the biggest problem for the regulators is how to raise tariffs to economic levels and still provide affordable power to poor urban and rural consumers. Even at prevailing tariffs, adjudged to be low and uneconomic, both industrial and residential consumers complain that they are too high. The paper, however, recommends that tariffs should of necessity go up, otherwise the objectives of the reform process cannot be achieved. |
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