Energy costs significantly impact the operational expenses of Ghana's commercial and industrial (C&I) sector. According to the 2018 Ghana Statistical Survey, these costs (fuel and electricity) comprised 8.2% of total operational expenses for industrial customers, reaching as high as 40% in sectors like mining and quarrying. Since 2018, the situation has worsened, with electricity tariffs increasing by more than 3x and fuel prices more than doubling, further escalating these expenses.
These increased energy costs have a ripple effect on the financial health of commercial and industrial customers. They are forced to divert significant capital to energy bills, leaving fewer resources for crucial investments such as business expansion and equipment upgrades. This financial strain hinders growth and competitiveness within the sector.
The frequency of power outages, averaging 26 per year and exceeding the permissible limit of six set by the Energy Commission of Ghana (ECG), forces C&I customers to rely on
