• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 4, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

COPEC Rejects Planned 20% Transport Fare Hike 

Prince Agyapongby Prince Agyapong
August 5, 2025
Reading Time: 5 mins read
Add as Preferred on Google
Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC)

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC)

The Chamber of Petroleum Consumers (COPEC) has strongly rejected claims of a looming 20% increase in transport fares, slated for Friday, August 8, 2025.  

According to the advocacy group, there is no official agreement among transport unions to implement such an adjustment, and any unilateral announcement lacks legitimacy. 

“Our attention has been drawn to a public statement by the Ghana Road Transport Coordinating Council on a purported looming transport fare increment of about 20%.

“Our checks with the various transport Unions including the GPRTU and other driver Unions indicate no such decision has been taken.”

COPEC’s Executive Secretary, Duncan Amoah

He noted that their feedback was unanimous: no formal decision had been made to increase fares. 

The responds from COPEC follows widespread speculation and reports attributed to the Ghana Road Transport Coordinating Council (GRTCC), suggesting that public transportation fares would be increased significantly this week.  

ADVERTISEMENT

The announcement, which quickly gained traction among drivers and commuters, raised concern across the country. 

COPEC questioned the rationale behind what he called a “drastic upward review,” warning that any unjustified increase would disproportionately impact low-income citizens who are already struggling with rising living costs. 

Road transport ghana
Transport

Mr. Amoah addressed the claims that the newly introduced GHS 1 energy levy justified the fare hike.  

While acknowledging the levy’s effect on fuel prices, he maintained that its impact was insufficient to reverse the downward fuel price trends observed in recent months.  

ADVERTISEMENT

As of January 2025, fuel prices were hovering around GHS 15 per litre. However, following several reductions, prices dropped to the range of GHS 11 to GHS 12 per litre. 

He explained that during the period of price reductions, a section of drivers had responsibly adjusted fares downward by about 15%.  

However, some transport operators resisted and had to be compelled by local authorities to comply.  

ADVERTISEMENT

“The pricing levels as of today are still not anywhere near the January prices. “So, we are surprised at the attempt to justify a further increase in fares.” 

COPEC’s Executive Secretary, Duncan Amoah

COPEC Cautions Against Hasty Fare Hikes 

Transport fare
Transport fares

Another point raised by COPEC concerned ongoing discussions around reintroducing road tolls. While this remains a proposal and has yet to be enforced, some drivers have cited the potential reimplementation of toll fees as part of their justification for fare adjustments.

“The attempt to reintroduce the toll system will have monetary implications.

“But an intention that has not yet been enforced should not form the basis of any increment in transport fares.”  

COPEC’s Executive Secretary, Duncan Amoah

He added that public consultation on such policies must be broad and inclusive, especially given the financial pressures facing commuters. 

COPEC’s position aligns with that of the country’s largest transport union, which has publicly distanced itself from the proposed fare hikes.  

Fuel Price at pump
Fuel

The union indicated that current market conditions, including fuel prices and the cost of spare parts, do not support a fare increase. 

COPEC urged restraint and transparency in any future fare adjustment processes. The organization emphasized that all stakeholders from government agencies and unions to consumer protection groups, must be part of any decision-making process to ensure fairness and accountability. 

“This is not the time to impose additional burdens on the already suffering masses.

“We urge the public to remain calm, and we call on transport authorities to engage meaningfully with unions and the public before making any announcements that could destabilize the economy further.” 

COPEC’s Executive Secretary, Duncan Amoah

As the debate continues, all eyes remain on the Ministry of Transport, which has yet to issue a definitive statement on the matter. For now, COPEC’s message is clear: fare hikes must be justified by hard data and real economic shifts not assumptions or speculation. 

READ ALSO: IMF Urges BoG to Hold Tight on Policy Rate to Cement Disinflation Gains 

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: COPECDuncan AmoahEnergy levyGhana fuel pricesGhana transport newsGPRTUGRTCCRoad tollsTransport fares
Please login to join discussion
Previous Post

Bangladesh’s Election To Take Place In February

Next Post

Migrant Misinformation Linked To Tougher Policies

Related Posts

Dr John Abdulai Jinapor, Minister for Energy and Green Transition
Extractives/Energy

Energy Minister Orders Full Probe Into July 29 Grid Disturbance

August 4, 2026
Atlantic Lithium Ltd
Extractives/Energy

Atlantic Lithium Targets December Completion for Proposed Huayou Scheme Arrangement

August 4, 2026
Atlantic Lithium Deal
Extractives/Energy

Zhejiang Huayou Proposes All Cash Acquisition Of Atlantic Lithium Shares

August 4, 2026
Nuclear Plants
Extractives/Energy

Nuclear Power Moves Closer to Ghana’s Energy Mainstream

August 4, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

President John Dramani Mahama addressing to the Joint Session of the Jamaican Parliament on the commemoration of the country’s 64th Independence Day Celebration

Mahama Pushes for Deeper Africa-Caribbean Partnership in Jamaica

August 4, 2026
President John Dramani Mahama addressing to the Joint Session of the Jamaican Parliament on the commemoration of the country’s 64th Independence Day Celebration

Africans Are “Heirs to Greatness,” Not Slavery, President Mahama Declares

August 4, 2026
President John Dramani Mahama addressing to the Joint Session of the Jamaican Parliament on the commemoration of the country’s 64th Independence Day Celebration

Mahama Backs Jamaica’s Slavery Petition to King Charles

August 4, 2026
17858707395895104541199878632996

Ghana’s Performance at the Commonwealth Games Exposes a Sports System in Need of Repair

August 4, 2026
President John Dramani Mahama addressing to the Joint Session of the Jamaican Parliament on the commemoration of the country’s 64th Independence Day Celebration

Mahama Marks Jamaica’s 64th Independence with Historic Parliament Address

August 4, 2026
ADVERTISEMENT
Next Post
Migrant Misinformation Linked To Tougher Policies

Migrant Misinformation Linked To Tougher Policies

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.