Skip to main content

Govt to meet transport unions over fare hikes amid rising fuel prices

 


The government is set to engage in high-level discussions with transport unions today, February 11, regarding their plans to increase transport fares in response to the persistent rise in fuel prices.

This engagement comes in the wake of growing concerns among commuters and transport operators about the economic burden of fluctuating fuel costs and its impact on transportation services across the country.

This latest development follows a statement issued by the Ghana Private Road Transport Union (GPRTU), one of the largest transport unions in the country, indicating that the threshold for fare adjustments has been met due to consecutive fuel price hikes recorded throughout January.

According to the GPRTU, the continual increase in fuel costs, combined with other operational expenses, has made it financially unviable for commercial drivers to maintain the current fare structure without adjustments.

Speaking to journalists on Monday, February 10, the Minister for Transport, Joseph Nikpe Bukari, provided assurances that the government remains committed to engaging all relevant stakeholders to ensure a fair and balanced outcome.

He expressed optimism that a reasonable pricing structure could be established to address the concerns of both transport operators and commuters.

“Tomorrow, we will be engaging them and so I wouldn’t want to say anything about them till I have fully engaged them. But they are cooperating. If you watch over the news portals, you will see that they have written to their colleagues to give us some time, meaning that we are in the process of having a better understanding as to how much they would charge our passengers.

So we are talking with them. Tomorrow, we will continue and do not want to make anything public because they are not here. I have their trust that they will work with us and we will get to some agreement or to some level that will be beneficial to all of us.”

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...