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VIP Transport Service Announces New Fares

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VIP Transport Service Announces New Fares, GlitzEmpire





Management of the VIP JEOUN Transport Service has announced new transport fares as part of its decision to adjust its fares.

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The transport company indicates that, the adjustment is as a result of the rising prices of variables associated with transportation Operations.

According to the Transport Service, effective Monday, 28th February, 2022, the following would serve as the new prices of all VIP JEOUN Transports Service.

1. Accra – Kumasi Gh¢70

2. Accra- Kumasi Tour Gh¢55

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3. Accra- Sunyani GH¢ 90

4. Accra- Sampa Gh¢ 120

5. Accra- Drobo Exe. Gh¢ 110

6. Accra- Drobo Tour GH¢ 85

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7. Accra- Dormaa Exe GH¢ 100

8. Accra- Dormaa Tour GH¢ 85

9. Accra – Techiman GH¢ 90

10. Accra- Nkoranza GH¢ 90

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11. Accra- Kintampo GH¢ 100

12. Accra- Babiani GH¢ 70

13. Accra – Bonsu Nkwanta GH¢ 90

14. Accra – Juaboso GH¢ 110

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15. Accra – Debiso GH¢ 100

16. Accra – Sefwi Dadieso GH¢ 95

17. Accra – Sankore GH¢ 75

18. Accra – Mim Exe GH¢ 90

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19. Accra- Goaso Exe GH¢ 90

20. Accra – Mim Tour GH¢ 75

21. Accra – Goaso Tour GH¢ 75

22. Accra – Kasapii GH¢ 85

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23. Accra – Diaso GH¢ 80

24. Accra – Dunkwa Exe GH¢ 85

25. Accra – Dunkwa GH¢ Tour 70

26. Accra- Obuasi GH¢ 80

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27. Accra- Bogoso GH¢ 70

28. Accra – Prestea Gh¢ 70

29. Accra- Wassa Akropong GH¢ 75

30. Accra – Tarkwa GH¢ 70

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31. Accra – Enchi GH¢ 95

32. Accra – Yendi GH¢ 165

33. Accra – Tamale GH¢ 155

34. Accra – Bolga GH¢ 180

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35. Accra – Bawku GH¢ 190

36. Accra – Wa GH¢ 170

37. Accra – Ash. Mampong Exe. GH¢ 75

38. Accra – Ash. Mampong Tour GH¢ 65

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39. Accra – Ejura GH¢ 70

40. Accra – Yeji GH¢ 90

41. Accra – Nandom GH¢ 175

42. Accra – Hamile GH¢ 180

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43. Kumasi – Wa GH¢ 100

44. Kumasi – Tamale GH¢ 90.

Transport union recently announced a 15% increase in transport fares due to the hikes in prices of fuel. A liter of super is currently selling at an average cost of GH¢7.99 as of Sunday, 27th February, 2022.

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Mobile Money Transaction Recorded GH¢76.2bn In January 2022

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Mobile Money Transaction Recorded GH¢76.2bn In January 2022, GlitzEmpire





Mobile Money transaction in the first month (January) of 2022 stood at GH¢76.2 billion, the Bank of Ghana has revealed in its Summary of Economic and Financial Data.

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This is Mobile Money higher than the GH¢67.9 billion recorded in January 2021, but lower than GH¢82.9 billion recorded in December 2021.

Base on the trend of Mobil Money transaction in 2021, one cannot conclude that there has been a decline in Mobile Money transaction, as a result of the anticipated approval of the Electronic Transaction Levy.

In terms of Mobile Money Interoperability, GH¢2.107 billion was recorded in January 2022, higher than the ¢906 million registered in January 2021.

The registered Mobile Money Accounts also stood at 48.4 million in January 2022, up from 48.3 million in December 2021.

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Undoubtedly, Mobile Money remained the biggest payment solution in the country with an estimated GH¢905.1 billion transactions recorded in 2021.

According to data from the Bank of Ghana, the value of mobile money transactions in January, February, March, April, May, June, July, August, September, October, November and December 2021 were estimated at ¢67.1 billion, GH¢67.9 billion, GH¢82.3 billion, GH¢83.8 billion, GH¢86.5 billion, GH¢89.1 billion, GH¢99.1 billion, GH¢81.8 billion, GH¢71 billion, GH¢80.0 billion, GH¢86.1 billion and GH¢82.9 billion respectively.

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Fuel Prices Goes Up By 50p, Crosses GH¢11 Threshold Mark In Less Than 24 Hours

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Fuel Prices Goes Up By 50p, Crosses GH¢11 Threshold Mark In Less Than 24 Hours, GlitzEmpire





Fuel prices continue to soar, topping GH¢11.30 per litre in the third week of March 2022 at some stations. Other Oil Marketing Companies are expected to hike their prices as a result of this.

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As we reported it early on, The Chamber of Petroleum Consumers Ghana (COPEC) predicted that diesel may cross the GH¢10 per litre mark.

It added that petrol will cross GH¢9 from Wednesday, March 16, 2022.

COPEC attributed its prediction on the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies.

In a statement, it noted that the Free On Board prices of petrol increased by 19.28% from $917.48/MT to 1094.33/MT, diesel by 34.57% from $845.50/MT to $1137.78/MT and LPG by 17.42% from $845.93/MT to $993.25/MT between the first pricing window (1st-15th March 2022) and the second window (16th -31st March 2022).

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“The petroleum price indicators as published by the NPA shows that the price of Gasoil (diesel) will increase by 30.41% from GH¢8.22 per litre in this current window to Gh¢10.721 per litre beginning 16th March 2022 and ex-pump prices of Gasoline (petrol) will increase by 18.25% from GH¢8.22 per litre to GH¢727 per litre within the same period.”

COPEC has also noted that the cedi has seen a sharp depreciation against the dollar by 9.71% from GHS6.8360 to GHS7.500 to a dollar.

In addition, COPEC has said the ex-pump prices of LPG will also increase by 23% from GHS 9.8 per kg in this current window to GH¢12.04 per kg in the next window beginning March 16, 2022.

“This implies that a 14.5kg will be sold at Ghc174.58,” COPEC added.

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Prices of fuel have gone up at the pumps across the country because the Price Stabilization and Energy Recovery levy, which is a key component of the fuel price build-up, has been restored by the National Petroleum Authority (NPA) after it was suspended for about three months.

The levy was suspended last year as a means of reducing the burden on consumers.

Already, COPEC has called for the withdrawal of the levy and has now urged the government to adopt the dual pricing module to stabilise fuel prices and the accompanying economic difficulties.

Source: GhanaFeed.com

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