Ghanaians will, from today, October 29, 2022, pay more for transport services as the 19% increase in fares announced by the Ghana Private Road Transport Union (GPRTU) takes effect.
This is in line with GPRTU’s latest adjustments to fares announced earlier in the week.
The move, according to the union, has been necessitated by the continuous soaring of prices of petroleum products at the various fuel pumps, coupled with soaring inflation and the current depreciation of the Cedi.
Currently, diesel and petrol are selling for over GH¢16 and GH¢13 respectively, at major fuel pumps; a situation transport operators say is eroding their profit.
The increment is coming at a time when many Ghanaians are reeling under severe hardships due to the economic situation.
Meanwhile, President Akufo-Addo, in the wake of recent public agitations about Ghana’s ailing economy, is billed to address the nation on Sunday, October 30.
The address is scheduled for 8 pm and will be telecast on major media channels across the country.