Transport fares are set to decrease by 15% starting Saturday, May 24, 2025, following successful negotiations between transport operators and the Ministry of Transport.
The fare adjustment reflects recent macroeconomic developments, including a sustained appreciation of the Ghana cedi against the US dollar, which has contributed to a notable drop in fuel prices.
This development also follows a directive from the Abossey Okai Spare Parts Dealers Association urging its members to reduce auto parts prices in response to the improved exchange rate.
Abass Imoro, Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), confirmed the fare reduction in an interview with Citi News. He described it as a timely measure to align with ongoing market trends and ease the financial burden on commuters.
“We have finally agreed to reduce lorry fares by 15%, but it will take effect from Saturday. Although currently, spare parts sellers have promised to reduce some of their prices, which hasn’t taken effect yet, and none of the lubricants which previously increased have been reduced, we have decided to peg the fare reduction at 15%,” Imoro explained.
Commuters can expect to benefit from this reduction as the sector adjusts to the changing economic conditions.
