Effective Monday, January 22, 2024, the Commercial Transport Operators of Ghana have announced a thirty percent increase in transport fares across the nation.
The transport operators claim that the significant increase in lubricant and spare part costs, along with the increase in DVLA service charges, is what has made this necessary.
The operators said in a statement that the public transport industry has been struggling with rising costs, which has made it harder for them to continue operating.
The drivers released a statement in which they claimed that “the continuous surge in lubricant prices, driven by fluctuations in global oil markets, has resulted in a considerable burden on drivers who heavily rely on oil to keep our vehicles running efficiently.”
Furthermore, they claimed that their capacity to maintain and repair their vehicles has been significantly impacted by the rising costs of spare parts.
Drivers and other commuters have suffered as a result of the decreased operational efficiency and increased downtime.
The Transport Operators Association stated that they have held in-depth discussions with pertinent parties, such as certain state agencies and other transport associations, in recognition of the unfavourable consequences of these conditions.
They claim that the proposal for a fare increase intends to address the financial difficulties faced by the drivers and guarantee the long-term viability of Ghana’s public transport system.