STC fares to go up by up to 8% this week – Deputy MD
The State Transport Company (STC) is set to increase passenger fares by up to 8% this week, citing rising fuel prices and other operational costs.
The State Transport Company (STC) plans to raise passenger fares by up to 8% this week, according to Deputy Managing Director Nuru Hamidan. The price increase is being prompted by rising fuel costs and other operational expenses. Speaking on Joy FM, Hamidan stated that the Transport Ministry has approved an 8% fare increase company-wide, and STC will not exceed this limit.
Hamidan explained that while STC aims to maintain affordable fares as a public transport provider, the policy has affected the company's ability to generate revenue. To address this, STC is seeking ways to subsidize fares in collaboration with the ministry. Currently, STC's fares are lower than those of competing operators on some routes.
For example, the fare from Accra to Wa is GH₵250 with STC, compared to GH₵370 for the GPRTU and GH₵309 for VIP. This significant price difference underscores the need for the fare adjustment to ensure STC's continued operations.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
