Ghanaians Cry Over High Cost Of Living As Transport Fares Are Expected To Go Up By 10%
Many Ghanaians say the increasing cost of fuel supplies and transportation fares is causing them significant hardship as they believe they are experiencing increased problems as the cost of petroleum goods and transportation costs rise.
Amid the hue and cry by Ghanaians, commercial bus drivers still have to seek further increases in their fares in line with the constant rise in petroleum prices.
If the union operators, the Ghana Private Road Transport Union and the Ghana Road Transport Coordinating Council, are able to secure the Transport Minister’s blessing on this margin of increase, transportation charges are projected to rise by 10% later this week.
On Wednesday, June 22nd, 2022, the operators and the Transport Minister, Kwaku Ofori Asiamah, are due to meet in a critical meeting.
However, there was some consensus that the fares should be revisited at a meeting between the two groups and the Transport Minister last Friday, June 17th, 2022.
However, no final agreement was reached on the increasing margin for petroleum products.
The panel also agreed that it was past time to revisit some fuel taxes.
In the just concluded Pricing-window of June 15, 2022, fuel prices on the local market climbed by more than 4% on average.
Some Ghanaians say the cost of living has grown as a result of rising transportation charges, lowering the overall standard of living because there has been no equivalent increase in incomes to compensate for higher fares and general goods and services prices.