Rising transport fares could trigger inflationary pressure if fuel costs persist – Economist

Williams Peprah An economist, Professor William Peprah, has warned that any increase in transport fares driven by rising fuel prices could have far-reaching consequences for inflation, food prices and the overall cost of living in Ghana."This is going to be a major challenge because we all know that when fuel prices increase in Ghana, it has an impact on transport.

His comments come as transport unions suspend a proposed 30% increase in transport fares while monitoring developments in the next fuel pricing window, amid concerns that another rise in fuel prices could further increase the cost of living.