The Ghana Road Transport Coordinating Council (GRTCC) will be waiting till the end of March 2017 and possible developments regarding the passage of the Appropriation Bill before determining a review of transport fares.
The Council has also said sections of the 2017 budget will have a direct impact on the review of transport fares.
The Akufo-Addo government’s maiden budget indicated the abolishment of all import duties on spare parts, a decision which may lead to a reduction in the cost of spare parts, a key factor in the pricing formula for transport fares.
Mr. Kwakye noted that “it is with very good reason we hold on until this Bill is passed then we take it from there. That is why we understand that we need to wait for, at least, the end of the month.”