The statement further asked Ghanaians to cooperate with the implementation of the new fares. These new fares come at a time when the new government has reduced the Special petroleum tax rate from 17.5 percent to 15 percent; and also abolished duty on the importation of spare parts.

The new fares cover the following types of road transport operations: Intracity (‘trotro’), Intercity (long distance) and taxi cabs.

The increment comes days after the Transport Fare Review Committee of the Ghana Road Transport Coordinating Council (GRTCC) asked all commercial drivers and transport owners to maintain the current transport fares until further notice.

The directive was issued after it emerged that some commercial drivers had increased their fares.

Transport fares are largely reviewed due to increases in the cost of petroleum products, cost of spare parts and insurance for vehicles among others.