The Road Transport Operators Union has asked the general public to disregard any purported increase in transport fares.

According to the group, a meeting held with stakeholders to determine new fares was inconclusive.

In a statement issued today, the group stated: "On May 12th 2021, a meeting was held with stakeholders to continue negotiations on public transport fares.

"The meeting reviewed the cost components including the recent increase in the price of petroleum products, cost of spare parts, inflation, drivers salaries, and taxes among others. The meeting was, however, inconclusive."

The Union further stated that owing to some ambiguity in the Income Tax Amendment Act 2021 (Act 1066), which suspends the payment of Vehicle Income Tax (VIT) for taxis and trotros, they "have, therefore, commenced discussions with the Ministry of Finance and the Ghana Revenue Authority, to bring clarity to the application of the Vehicle Income Tax."

"We entreat all transport operators to stay calm, as we negotiate for a fare adjustment within the shortest possible time . We also entreat the general public to disregard any purported increase in fares."

Earlier this month, government disclosed its intention to increase fuel prices. However, after public outcry, it rescinded its decision.

Following the decision to increase the price of fuel, the Concerned Drivers Association announced its intention to revise transport fares upwards to correspond with the increase.

Transport operators have been entreated to maintain existing transport fares until negotiations on a fare adjustment is concluded with stakeholders.