Passengers will pay a 15% increase in transport fares effective today February 1, 2016, stakeholders in the transport sector have announced.
According to acting General Secretary of the Ghana Road Transport Coordinating Council (GRTCC), Andrews Kwesi Kwakye the new fares ares as a result of the increase in petroleum products.
He however, assured passengers that the Unions fixed very moderate fares.
“Though the first review for this half year began late, we have concluded our review and the transport operators have decided to raise fares by 15% from February 1, 2016,” Kwakye announced.
“The increase is below the rate of inflation. Based on the analysis of the transport operators’ technical team, transport fares should have risen by 18 to 20%. The transport operators have made this decision with sensitivity to the call by our customers and organized labour for moderation in raising of prices of critical services,” he opined.
The latest increase of between 18 to 30 percent in the prices of petroleum products, was occasioned by the passage of the Energy Sector Levy (ESL) by Parliament in December last year. A gallon of petrol now sells around Ghc15.40 pesewas with diesel going for Ghc14.50 pesewas. The price of LPG has also gone up by about 18 percent.
The last time transport fares were increased was in June 2015 when it went up by 15%.