Kojo Oppong Nkrumah, who is a member of the Parliamentary finance committee has expressed his worry over the decision of the transport union to increase fares by 15%.
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Speaking in an interview with Kwaku Owusu Frimpong, host of Frontline on Rainbow Radio in the UK, the Member of Parliament for Ofoase Ayirebi said it would have been prudent for operators to maintain their old prices following the new tax cuts which has taken effect.
‘’The campaign promise to cut nuisance taxes; to ensure businesses are relieved, has taken effect. What is left is for us to ensure that the various agencies will do their part so Ghanaians benefit fully from the tax cuts-so our efforts will not be in vain.
“One of such worrying situation is the increment in transport fares. We expected that, transport fares would have been maintained due to the reduction on petroleum tax and spare parts," Mr. Oppong Nkrumah said.
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The new tax regime came into effect from March 31, 2017, following the amendment of some tax laws. Following the amendment, the tax rate on petroleum products was reduced from 17.5% to 15%.
However, the transport operators on Monday announced a 15% increment in transport fares which is expected to take effect April, 6, 2017.
The statement said, ‘’the road transport operators have reviewed the prices of various elements that go into running of commercial transport services and have increased road transport fares by 15%.’’
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The increment the statement further indicated, cover the following transport operators; Intra-City (Trotro); Inter-City (Long Distance) and Taxi Cabs.