Home / Knowledge / News / Textiles / Textile sector agitated over steep hike in utility rates
Textile sector agitated over steep hike in utility rates
03
Jul '10
A number of Ghana-based textile and its allied industry companies have been put in a quandary, over the astronomical increase in the various utility charges. These companies may be forced to suspend or shut-down their operations if these high tariffs are not rolled back.

The new tariff rates announced by the Public Utilities Regulatory Commission (PURC) and which came in to effect for the industrial sector from June 1, has increased the cost of electricity by 298 percent.

According to industry experts, the electricity energy rates were increased from GH¢9.05 to GH¢27 for special load tariff-medium voltage (SLT-MV), which means an increase of an astronomical almost 300 percent.

In case of water, the experts disclosed that commercial rates grew to GHp180, which means a growth of 63.64 percent, while the rate for public institutions or government departments, rose to GHp154, up 40 percent.

The textile industry as it is, was witnessing a decline in its fortunes and this decision will deal a double-blow. From workforce strength of 25,000 in 1975, the number of workers currently employed by the textile sector industry has dipped to just 3,000.

The number of textile companies has also dropped down from 10 in 1975 to just 3 now. The labour unions have warned of mass joblessness amongst workers if these exorbitant hikes in charges of utility services are not withdrawn by the government.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X