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Commercial drivers push for 10% increase in transport fares

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The recent surge in fuel prices has once again sparked conversations on potential increases in transport fares, with some drivers in the Accra spearheading the call.

They are urging the leadership of the Ghana Private Road Transport Union (GPRTU) and other transport unions to announce an increase in fares.

The drivers contend that the increment in fuel prices is eroding their profit margins, consequently affecting their ability to make ends meet and shoulder other family responsibilities.

They also lament that the cost of spare parts and other items necessary for their operations has also shot up.

“Sometimes we go home with bare hands because you cannot say you are not buying fuel. As long as you have moved the car, the car owner will take his or her sales. If you want to work with the car, you have to fill the tank. If you do all this and you don’t get anything for yourself.

“We plead with the mother union to increase the fare so that we can have that difference. If they increase by 20 or 15%, we will be okay, or let’s say 10 per cent,” Kwabena Kakraba, a taxi driver at the Adabraka Cooperative Society station told Citi Business News.

Although the situation is not universal across all stations visited by Citi Business News, some taxi drivers at Tesano have already begun to review their fares. Taxi drivers who previously charged GH₵10 for short distances are now insisting on GH₵15.

“Short distances used to be GHȼ10 but because of the fuel price hikes, it is now GHȼ15. If we don’t increase it, we cannot make ends meet. Spare parts are also on the rise. Home used tyres now cost GHȼ250. We have to factor all these otherwise we will make losses,” Kwaku Abban Abaidoo said.

Commuters are calling for issues regarding fuel price increases to be addressed to prevent further challenges.
“What we are asking is that anytime there is a fuel increase, they should think about the citizens,” Emmanuel Martey said.

Citi Business News understands that the Concerned Drivers Union will begin addressing matters of fuel price hikes and the impact on transport fares on July 8.

Recent fuel price hikes in the first pricing window of July saw a litre of petrol being sold at GH₵14.80, while a litre of diesel cost consumers GH₵14.92 at leading oil marketing companies including Shell and Goil.

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National

Fuel prices to fall between 2% and 4% in coming days – IES

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The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1, 2024.  

This follows the slowdown in the depreciation of the Ghana cedi during the second half of July 2024 and the favourable international market dynamics.

According to the Institute for Energy Security (IES), the price of petrol and deisel fell by 2.99% and 4.59% respectively and LPG by 1.10% in the second half of July 2024.

“Precisely, the price of gasoline [petrol] fell by 2.99%, gasoil [diesel] by 4.59%, and LPG by 1.10% in the second half of July 2024.  The Ghana cedi also recorded slowed depreciation (0.52%), the lowest since February 2024.

“Following the positive realised on the foreign fuel market coupled with the slowed depreciation of Ghana Cedi recorded on the domestic forex market, the Institute for Energy Security (IES) projects a fall in fuel prices in the coming days”.

World Oil Market

The second pricing window for July 2024 for the first time since the post-OPEC+ meeting saw Brent crude futures dropping below $80 per barrel.

This was driven lower by disappointing global demand as Chinese imports in July 2024 hit the lowest level in two years.

Brent Crude traded at $78.70 per barrel compared to $83.03 per barrel at the start of the pricing window.

Local Fuel Market Performance

The second pricing window for July 2024 saw the price of liquid fuels jump at the pumps on the local fuels market.

Oil Marketing Companies (OMCs) increased the price per litre of petrol by GH¢0.30 and Gasoil by GH¢.20 respectively. 

The IES computation of the national average price for the three refined petroleum products for the first pricing window for July 2024 showed petrol and diesel selling at GH¢14.23 and GH¢14.70 per litre respectively, whereas (LPG) went for GH¢15.22 per kilogramme.

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Graduate Unemployed Nurses welcome over 15,000 recruitment

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The Graduate Unemployed Nurse and Midwives Association has welcomed the latest decision by the government to recruit over 15,000 new health professionals.

In a statement released on Friday, July 26, 2024, the Ministry of Health (MoH) announced the recruitment of 15, 200 nurses and midwives, effective Monday, August 5, 2024.

The MoH confirmed that the Ministry of Finance (MoF) has granted the necessary financial clearance for the recruitment process.

Interested and qualified candidates are expected to apply through the MoH’s online application portal, where they can select their preferred agency under the Ministry. The application period will close on Friday, August 23, 2024.

This comes on the back of numerous protests and demonstrations by several health professionals over the government’s inability to clear the backlog of 2020, 2021 and 2022.

National President of The Graduate Unemployed Nurse and Midwives Association Ibrahim Haruna has been reacting to the latest development.

“We’re very grateful in the first place to the Ministry of Health. It’s not bad news, but it’s not completely what we’re expecting.

“That is what we have got for now, so we will take it… Last week Friday, we received a call from the Ministry that they have got clearance for us around 15,000, so we were expecting an official communication and it came in from the ministry, so it’s welcome news,” the National President of the Graduate Unemployed Nurse and Midwives Association said.

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NDC targets 14 parliamentary seats in Northern Region

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The National Democratic Congress (NDC) in the Northern Region has set an ambitious goal to win 14 parliamentary seats in the 2024 general elections. 

Mohammed Abdul-Salam, the Northern Regional Secretary of the NDC, stated that the party is determined and prepared to secure victory in the upcoming polls. 

On Saturday, July 27, the NDC launched its campaign in Tamale, the capital of the Northern Region, with the aim of increasing their parliamentary seats in the area. 

Abdul-Salam expressed confidence that the party would reclaim some of its previously held seats from the New Patriotic Party (NPP). 

He also mentioned that the NDC has established adequate structures to ensure the achievement of this target in the forthcoming election.

“We should be able to win 14 seats, and that is clearly doable, but our target is to win all the 18 seats because they are all winnable, we have mopped out strategies to get out there on the field, our men are on the ground every day.”

“That is why if you have observed, every genuine survey that is done regarding the election 2024 in all the regions, put the NDC way ahead of the NPP,” he stated.

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