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Home Ghana News Ghana Business

Extreme Hardship: Transport fares to go up by 30% on Friday, May 13

News Reporter by News Reporter
May 6, 2022
in Ghana Business
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The Ghana Private Road Transport Union (GPRTU) has revealed that it hopes to adjust transportation fares upwards by 30%.

According to the Union, the increment will take effect from Friday, May 13.

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The decision, GPRTU explains, is due to the hike in fuel prices over the last few months.

In April, the Union asked government to scrap some taxes on petroleum products to cushion drivers and commuters, but President Akufo-Addo rejected the proposal.

The President said it will cost the nation ¢4 billion in revenue if that happens.

Reacting in an interview on an Accra-based Citi News, the Industrial Relations Officer for GPRTU, Abass Imoro, said efforts to reach the Ministry have proven futile.

“We have been forced to make a decision. We were thinking of being sympathetic. We never wanted to take this decision, but government has not cooperated with us.

Fuel prices keep shooting up, we wrote to the Transport Minister about our plans to increase transport fares, but we received no feedback. We are thus going to take a decision that will help us as well. We will announce the new prices by next Friday.”

Transport fares increased by 15 per cent in February 2022, when fuel prices averaged GH¢6.4 per litre.

A litre of fuel now sells around ¢10 after crossing the ¢8 per litre mark in the first week of March 2022.

The Union argues that the move has become necessary due to the increase in the prices of petroleum products.

Both commercial and private drivers and other stakeholders mounted pressure on government to scrap some taxes on fuel to cushion consumers.

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