Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

New fares: Transport operators betrayed us – NPA boss

petroleum-1The Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga, is accusing transport unions of acting in bad faith, by side-stepping their negotiation plan to announce new fares.

Mr Asaga told Citi News he was shocked by the announcement because there was a planned meeting on Monday to finalise their negotiations.

“For me it’s a betrayal, when three parties are having a negotiation and we haven’t come to any conclusion and we have agreed that on Monday there is going to be a meeting and you suddenly jump up to go and announce new prices, especially when we know that this is even coinciding with diesel prices going down by 4 to 5 percent,” he added.

Transport operators in the country on Sunday increased fares by 15 percent.The announcement was made by the Acting General Secretary of the Ghana Road Transport Coordinating Council (GRTCC), Andrews Kwesi Kwakye who said they were even considerate on the 15 percent.

He explained that they considered factors affecting transport operators before making a final determination on the matter.

He gave some of the reasons that warranted the increment to be “spare parts and maintenance, fixed cost, licensing, charges, levies and tolls and the almighty fuel. Though the first review for this half year begun late, we have concluded our review and the transport operators have decided to raise fares with effect from first February 2016 by 15 percent.”

“The increase is below the rate of inflation. Based on the analysis of the transport operator technical team, transport fares should have risen by 18 to 20 percent. The Transport operators have made this decision with sensitivity by the call made by the public, our customers and organized labour for moderation in the raising of the prices of critical services,” he added.

Transport fare hike unfair

The Chief Executive of the Chamber of Bulk Oil Distributors, Senyo Hosi, had earlier insisted that it will be unfair for transport fares to go up.

Mr. Hosi had argued that “the exchange rate at the last time when prices were revised upwards using the BoG rate was 4.2810. The same BoG rate, which is the bench mark for these discussions, is at 3.810, meaning the exchange rate itself is lower than it was at the time.”

This he said would make it unfair on the consumers if transport fares are increased.

– See more at: http://citifmonline.com/2016/02/01/new-fares-transport-operators-betrayed-us-npa-boss/#sthash.8giR5JxT.dpuf

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar