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 However, after public outcry, it rescinded its decision.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.
Latest Stories
-
Cedi hits GH¢14.00 to a dollar; depreciates 12.08%
26 seconds -
Major portions of Kasoa-Winneba road to open to traffic in 8 months
4 mins -
Kwadaso onion traders reject new location, express fear over future eviction
17 mins -
Pensions: 81% of pensioners had benefit shortfalls in 2020 – Abdallah Mashud
21 mins -
All Regional Games: Torch relay ceremony hits Oti Region
23 mins -
CSO calls for immediate removal of COCOBOD CEO from office
28 mins -
How a young female geologist’s thesis is paving the way for Ghana’s Green Mineral Future 5 decades later
32 mins -
Pensions: The last time government paid Tier-2 funds was in June 2023 – Angel Carbonu
35 mins -
Submit audited statements by May or face sanctions – Akufo-Addo warns heads of SOEs
48 mins -
Samuel Inkoom’s SIFMA hold successful football tournament
54 mins -
Propak propelling growth of Ghana’s manufacturing industry for exports
57 mins -
Academic curriculum must reflect industry needs – Stanbic Bank CEO
1 hour -
Arnold Schwarzenegger says Sylvester Stallone rivalry helped his career
1 hour -
CSOs challenge KPMG’s claim linking rise in petroleum consumption to SML
1 hour -
Latif Abubakar partners Italian Embassy to stage ‘The Licence’
1 hour