Just in: NEDCo demands 40 percent tariff increase, makes 230 million cedis loss in 2018, says its headed for a crisis

Share this

Information available to BestNewsGH.com indicates that the Northern Electricity Distribution Company (NEDCo) is demanding a 40 percent increase in electricity tariffs in order to enable it sustain its operations.

According to the company, anything short of approving or granting the request will see the company collapse within the shortest time possible.

A source within the top echelons of the company told this Website that the company recorded a colossal loss of 230 million Ghana Cedis last year and that it has had a very significant negative toll on its operations.

The source added that the company is heading for a crisis situation and the earlier government comes to its aid by sanctioning the tariff increase, the better it will be for the company and its operations.

BestNewsGH.com will keep readers abreast with more details on this developing story.

Source: BestNewsGH.com

Share this

Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.