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Business News of Tuesday, 16 January 2018

Source: 3news.com

Transport fares to go up this week – GPRTU confirms

File photo: Passengers queuing to board a vehicle File photo: Passengers queuing to board a vehicle

Transport fares are likely to go up by the close of this week, that’s coming from the Ghana private roads transport union.

Earlier this month, the Ghana Private Road Transport Union (GPRTU) announced a possible increase in fares due to increment in the prices of spare parts.

The Abossey Okai Spare Parts Dealers Association however denied any price increase of their products.

But the GPRTU insists prices of vehicle spare parts have gone up in recent times, hence the need to adjust transport fares.

Speaking on 3FM’s Business Daily, General Secretary of the GPRTU, Issah Khalifa says the union is likely to announce new fares by the end of the week, depending on the level of consultations with the various stakeholders

“Fares review will happen within the week, but I cannot speculate by what margin or what percentage it’s going to be increased…we are going to look at all the variables before we decide.”

He underscored that there is a committee that reviews fares every six month, which he said consists of the Transport Ministry and the various transport operators.