Commuters around the country will have to brace themselves as transport fares have been increased by 15%. The increase which takes effect from February 1 was announced after a meeting of stakeholders in the the transport sector.
The increase is as a result of increase in cost of spare parts and maintenance, licensing, levies, charges and tolls and fuel.
According to Andrews Kwesi Kwakye the acting General Secretary of the Ghana Road Transport Coordinating Council (GRTCC), the Unions took into consideration the plight of the ordinary Ghanaian and were therefore moderate in pegging the new fares at 15% instead of the 18%- 20% as proposed by the transport operators’ technical team .
The prices of petroleum prices shot up in January by 28% as a result of the passage of the Energy Sector Levy in December last year.
A gallon of petro and diesel now sells at Ghc15.40 pesewas and Ghc14.50 pesewas respectively at the pump. The price LPG also shot up by 18 percent.
The new price is expected to remain unchanged at least for the next 4 months in line the periodic review of transport fares every six months based on price changes in other vehicular components.