Transport fares to go up by 30%, effective March 7

The Transport Operators Union and the Concerned Drivers Association of Ghana have jointly announced a 30 percent increment in transport fares, effective Thursday, March 7.

The Transport Operators Union and the Concerned Drivers Association of Ghana have jointly announced a 30 percent increment in transport fares, effective Thursday, March 7.

In a press release dated Monday, March 4, the two bodies expressed disappointment in the government’s failure to address their concerns and implement fare adjustments to counterbalance the increased operational costs.

The statement highlighted the continuous rise in fuel prices, which has significantly impacted their livelihoods and made it difficult to maintain their operations. As a result, they deemed fare adjustments necessary for business sustainability.

They urged the government to ensure the successful implementation of the price hike, emphasizing its importance in maintaining the financial viability of the transportation sector and the quality of service provided to the public.

Furthermore, the statement called for constructive dialogue between the government, relevant authorities, and their leaders to address the challenges faced by the sector and implement fare adjustments that reflect the current economic realities.

Read the full statement below:

Regional Chairmen of both the Transport Operators Union and the Concerned Drivers Association of Ghana are announcing our intention to consider a fare increment in response to the recent hike in fuel prices across the country.

As drivers’ associations, we expressed disappointment in the leadership for failing to address the concerns and implement fare adjustments to counterbalance the increased operational costs.

The continuous rise in fuel prices has had a significant impact on our livelihoods, leading to financial strains and hardships in maintaining our operations.

We would like to express our disappointment in our leadership, Despite the escalating costs of fuel, our leadership has not taken proactive measures to increase fares in line with market conditions.

This has prompted us Regional executives to consider fare adjustments as a necessary step to sustain our businesses.

The fare adjustments are essential to ensure the financial viability of the transportation sector and to maintain the quality of service provided to the public. The failure of the government to address this critical issue has left us with no choice but to consider fare increments as a means of coping with the escalating operational costs.

We are calling on the government and relevant authorities to engage in constructive dialogue with our leaders to address the challenges faced by our sector and to implement fare adjustments that reflect the current economic realities.

Failure to address these concerns by 6th March 2024 will leave us with no choice but to increase fares.