A group known as the Concerned Drivers Association has indicated that it will increase transport fares by 40 percent, effective Monday, May 10, 2021.
According to them, their resolve to increase the fares holds, despite the government’s announcement of a reduction in the price of fuel by eight pesewas per litre.
The National Petroleum Authority (NPA), after a meeting with stakeholders on Tuesday, reduced the 17-pesewa margin on the prices of petroleum products to nine pesewas. But the Spokesperson for the Concerned Drivers Association, David Agboado, says fares will still go up.
He indicated that they considered various factors, including the anticipation of a general increase in the cost of fuel in the coming weeks on the world market.
Meanwhile, the leadership of the Ghana Private Road Transport Union (GPRTU) says it will take a final decision on the percentage increase for transport fares after a meeting with the sector ministry. The General Secretary of GPRTU, Godfred Abulbira Adogma, had earlier stated that the fare increment will be between 15% and 20%. He indicated that the Union had already planned to increase its fares following the approval of the 2021 budget but had to hold on due to the coming into force of new fuel price tariffs on May 1, 2021, to enable them to factor it into their new transport fares.
Many passengers anticipated that transport fares in the country will increase immediately after the government’s new tariffs, including a 30-pesewa spike in petroleum products, kick in on Saturday, May 1, 2021. An increase in transport fares is most likely to also affect the general cost of goods and services in the country.