The Institute of Economic Affairs (IEA) is recommending to government and parliament to consider tax reductions and incentives for the development of alternative sources of power generation.
A power crisis report by the institute has revealed that 89 percent of households and 59 percent of SMEs do not have access to any alternative source of power, indicating a high level of reliance on public sector electricity supply in Accra.
Businesses and households continue to suffer the impact of erratic power supply in parts of the country.
A recent survey by the Institute of Economic Affairs shows that 64% of respondents indicated that the effect of power outages this year included damage to their electrical appliances and or financial losses to their business or both.
The Director of Surveys at the IEA, Samuel Manu presented the findings and recommendations to journalists in Accra on June 3, 2024.
Please read full report here.
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By Grace Hamoah Asare Agyemang
