Former Finance Minister, Seth Terkper has commended the Akufo Addo government and the energy minister for taking the initiative to reduce electricity tariffs.
 In a discussion on current affairs programme, Good evening Ghana, Wednesday, the former minister admitted that the current administration deserves some commendation for actualizing the initiative, although there had been several efforts by the previous Maham led government to reduce high electricity costs.
“I think we should give some credits and compliments where it is due because the decision to reduce power tariff involves a lot of work. I know some renegotiations were done, I know some work was done,†he said.
Mr. Terkper also praised Energy Minister, Boakye Agyarko for leading the many negotiations that eventually lead to the reduction of the tariffs.
He, however, expressed that although the previous administration, in a bid to end the power crisis, took emergency measures that increased the cost of electricity, they had initiated moves to enhance the capacity of thermal plants and would have reached the same decision with time.
The former minister's comment comes after it was announced in the 2018 budget presentation by Ken Ofori-Atta that from next year, residential and nonresidential electricity consumers will enjoy 13% reduction in their tariffs.Â
According to the current finance minister, the purpose of the reduction is “to give relief to the poor whose individual consumption actually falls in the subsidized life-line category but who live in a compound house, the existing 4-tier tariff classification of residential consumers will be collapsed into Lifeline and Non-Lifeline consumers in phases.â€
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