The Concerned Drivers Association of Ghana has announced that starting from Monday, July 22nd, transport fares will go up by 15%. The main reason for this increase is the rising cost of fuel, with some oil marketing companies now selling products at prices exceeding GH₵15.
The increase in prices of essential items like spare parts has also contributed to this decision.
David Agboado, the Public Relations Officer of the Concerned Drivers Association of Ghana, expressed his concerns on Wednesday.
He emphasized that the fare increase is justified due to the current economic pressures. According to him, drivers cannot continue to absorb the escalating fuel prices, which are significantly impacting their earnings. The fare increase is seen as a necessary measure to ensure the sustainability of their operations amidst the rising costs.
“We will be increasing transport fares by 15% starting from Monday. The reason is that fuel prices have gone high. All that we use in servicing our vehicles has also gone high. That necessitated the 15% increment,” said Mr. Agboado.
He also mentioned that the Transport Ministry is not aware and that there is no requirement to consult the Transport Ministry before increasing transport fares.
Several oil marketing companies have raised their prices at the pumps with the start of July’s second pricing window. Shell, one of the leading companies, has increased the price of a litre of petrol from GH₵14.80 to GH₵15.10, and a litre of diesel from GH₵14.92 to GH₵15.25.
More companies are expected to follow suit and adjust their prices upward soon.
