Bright Simons, the Vice President of IMANI Africa, has indicated that businesses in the country are likely to pass on the burden of the Emissions Levy to customers.
This implies that the additional costs resulting from the levy will probably be incorporated into the prices of goods and services offered by these businesses.
“Ghana’s private electricity generation companies are finally waking up to the likely impact of the emissions levy on their business. They have made it clear that they will pass all the costs on to consumers,” he wrote in a post on X.
This comes at a time when Chief Executive Officer (CEO) of the Independent Power Producers (IPPs), Dr. Elikplim Kwabla Apetorgbor, indicated that the implementation of the Emissions Levy, which came into effect on February 1, 2024, will lead to a rise in the cost of electricity.
According to his assessment of the Emissions Levy, set at GH₵100 per tonne of carbon dioxide (CO2), Dr. Apetorgbor cautioned that this levy will translate to increased expenses in electricity generation, thereby raising the cost per kilowatt-hour (kWh) and subsequently resulting in higher tariffs for consumers.
Ghana’s private electricity generation companies are finally waking up to the likely impact of the emissions levy on their business. They have made it clear that they will pass all the costs on to consumers. More here:https://t.co/V3RVs0ViLe https://t.co/kACtiHVXsn
— Bright Simons (@BBSimons) February 10, 2024