News:
Hon Frank Annoh-Dompreh
December 15, 2022
Commuters in the country should expect some relief from the high transport fares they are currently battling with due to high fuel prices and depreciation currency.
Some Good News Emanating from the Floor of Parliament of Ghana.
The Minister for Transport, Mr Kwaku Ofori-Asiamah gave the hint and assured the public that engagements are ongoing with relevant stakeholders in the industry towards the actualisation of this and appropriate fares.
The Minister who was responding to call by Member of Parliament for Nsswam Adoadjiri, Frank Annoh Dompreh during the consideration of the budget estimate for the transport Ministry, calling on the Ministry to consider engaging transport operators to reduce transport fares following the consistent fall in pump prices of petroleum products explained that, there are three components which usually affect transport fares including depreciation of the cedi, the cost of spare parts and cost of fuel. These three factors are considered to inform transport fares increase or decrease.
The minister assured that, the transport ministry is in final meetings with the transport operators to determining the value or an amount to be reduced in fares for Ghanaians.
The transport sector has come under severe pressure in recent times for fares to go down as they did not waste time in increasing the fares when fuel prices were sky rocketing few weeks ago.
It is however not clear how soon the negotiations would be concluded for the traveling public to have the benefit of the reductions.
Meanwhile, Parliament approved an amount of GHC1,226,619,067 for the Transport Ministry for the year ending 31 December, 2023.
Ghanamps.com