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inflation

PURC Under Fire from CSOs Over ‘Unwarranted’ 2.43% Electricity Rate Hike

Two major civil society organisations—CUTS International Accra and the Center for Environmental Management and Sustainable Energy (CEMSE)—have sharply criticised the Public Utilities Regulatory Commission (PURC) for its decision to raise electricity tariffs by 2.43%, effective July 1, 2025. In a joint statement, West Africa Regional Director of CUTS International, Appiah Kusi Adomako, and Executive Director […]

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Fitch Upgrades Ghana’s Credit Rating To B- As Economy Recovers

Ghana’s economy has received a major vote of confidence on the global stage as Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ (RD) to ‘B-’ with a Stable Outlook. This significant upgrade, announced on June 14, 2025, comes after Ghana completed a historic restructuring of $13.1 billion in Eurobond

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