| | Business 
[ 2015-11-19 ] 
AGI demands load shedding review to favour industry .
The Association of Ghana Industries (AGI) has
asked for a review of the current electricity
structure to favour industry.
The current structure whereby industry
subsidizes residential consumers erodes its
competitiveness and is unacceptable, according
to association.
President of AGI, James Asare-Adjei who was
speaking at the Annual General Meeting (AGM) of
the association said, "we will continue to
advocate for priority to be given to industry when
it comes to power rationing through our membership
on the load management committee at the Ministry
of Power and other engagements with
government."
Speaking on the theme, 'Patronizing made-in- Ghana
goods to build strong industries,' he said that
businesses have suffered severely as a result of
the worsening energy crisis in the country,
stating that Ghana has lost tremendously.
"Industrial output has been affected and worse of
all investor confidence has also been negatively
affected," Asare-Adjei said.
He called for an urgent permanent solution to the
energy crisis, advocating for the implementation
of Strategic National Energy Plan (SNEP).
Tariff Adjustment
There are ongoing discussions on tariff
adjustment and AGI is negotiating on behalf of
its members, he stated.
Mr. Asare-Adjei said the Public Utilities
Regulatory Commission (PURC) has always cited
inflation, exchange rate and generation mix as
determinants for tariff adjustments under the
Automatic Adjustment Formula.
However, AGI was of the view that such
determinants that trigger tariff adjustment
largely stem from the country's weak
macro-economic fundamentals and inefficiencies of
the utilities.
"It is therefore unfair to offload the
consequences of such inefficiencies to
industries," he said.
Mr. Asare-Adjei urged government to stay focused
and work hard to improve the confidence level of
the business con munity to guarantee further
investment in the country's economy.
Source - Daily Guide
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