The Ghana Road Transport Coordinating Council announced a 15 per cent increment in transport fares to take effect February 1, which it said, includes increases in the cost of spare parts, licencing and insurance documentations.
But the Chamber for Consumer Protection has described the increment as “unwarranted and inappropriate” particularly coming at the back of fuel reduction of between two and four per cent on February 1. Petrol has been reduced by two per cent while diesel has seen a four per cent reduction.
A statement issued Monday morning and signed by its Deputy Executive Director of Communications, Stephen Kwabena Attuh, condemned the action by the transport operators and their penchant for shifting cost to the consumer at the least opportunity.
The Chamber argued, notwithstanding the previaling fuel prices, should transport fares remain unchanged, operators could still make profit worthy to sustain their business.
“The Chamber had equally taken note of the fact that, prices at the pump remained lower than they were in July 2015 before the increase of fare by transport operators,” it added.
It said although it has taken note of the January 4 increment in fuel prices of up to 27 per cent, it important to also note that soon after the increase in transport fares in July 2015, prices of fuel kept going down consistently but operators never reduce fares charged, adding “this had resulted in transport operators making windfall profits”.
“The drive and desire for profit is causing the businessman to mount unbearable pressure on the already burdened Ghanaian. We are, with this statement, demanding an immediate reversal of the announced 15% increase in transport fares as we deem it unwarranted and inappropriate to the ordinary consumer” it said.