Ghana manufacturers face 48% power tariff hike and credit squeeze

The Association of Ghana Industries (AGI) warned that a recent 48% increase in electricity tariffs for bulk industrial consumers threatens the competitiveness of Ghanaian manufacturers. AGI chief executive Seth Twum‑Akwaboah said electricity remains the biggest cost challenge, and the sudden change in billing by the Electricity Company of Ghana could raise production costs and inflation.

AGI also highlighted that, despite a decline in national lending rates, credit is still flowing mainly to commercial trading and services, leaving manufacturers with insufficient long‑term financing. Twum‑Akwaboah called for development‑bank funding and longer‑tenure loans to support factory set‑up and expansion.

Energy Minister John Abdulai Jinapor met with the AGI delegation, reaffirming government commitment to work with industry on energy policy and to improve the operating environment for manufacturers.