BoG warns rising transport, haulage costs and potential fare hikes could fuel inflation

According to the Governor, the MPC will also examine how external commodity price pressures could combine with domestic factors, including possible adjustments in transport fares and utility tariffs, to shape the inflation outlook.

Johnson Asiama, has warned that rising transport and haulage costs, coupled with potential increases in transport fares and utility tariffs, could intensify inflationary pressures as the central bank reviews the country's monetary policy stance."This assessment must take into account the interaction between external commodity price pressures on one hand and prospective adjustments to utility tariffs and transport fares on the other hand, which could add a domestic impulse to what began as an external shock."