The Concerned Drivers Association of Ghana has announced a 15% hike in transport fares, effective from Monday, July 22.

The Association pointed to escalating fuel costs, noting that some oil marketing firms are now selling products above GH₵15.

In addition, rising prices of crucial items like spare parts have compelled the transport sector to take this step.

David Agboado, the Public Relations Officer of the Concerned Drivers Association of Ghana, voiced concerns over the detrimental impact of these rising costs on the transport industry.

He stressed that the fare adjustment is warranted given the current economic pressures.

Mr. Agboado highlighted that drivers cannot continue absorbing the steep fuel costs, which significantly affect their earnings.

The fare increase is viewed as essential for maintaining operational sustainability amid mounting expenses.

“We will be increasing transport fares by Monday by 15%. The reason is that fuel prices have gone high. All that we use in servicing our vehicles has gone high. That necessitated the 15% increment.”

“Transport Ministry is not aware and we don’t need to sit with Transport Ministry before we increase our transport fares. We keep saying this,” he said in an interview with Citi FM on Wednesday, July 17.

Several Oil Marketing Companies (OMCs) have raised their prices at the pumps as July's second pricing window begins.

Shell, a prominent OMC, has increased the price of petrol per litre from GH₵14.80 to GH₵15.10, and diesel from GH₵14.92 to GH₵15.25. Other OMCs are anticipated to follow and also raise their prices soon.