Commuters and transport operators should brace for the usual disputes over fares in the coming days, following the announcement of a 15% reduction in transport fares effective May 24.
The fare cut follows successful negotiations between the Ministry of Transport and transport unions, including the Ghana Private Road Transport Union (GPRTU).
The reduction reflects recent macroeconomic improvements, particularly the sustained appreciation of the cedi against the US dollar and a significant decline in fuel prices.
This development aligns with a directive from the Abossey Okai Spare Parts Dealers Association, which has urged members to lower auto parts prices in response to the stronger cedi.
Speaking to Citi News, GPRTU’s Industrial Relations Officer, Abass Imoro, confirmed the fare adjustment, calling it a timely decision aimed at easing the financial burden on commuters.
“We have finally agreed to reduce lorry fares by 15%, but it will take effect from Saturday,” Imoro stated. “Although spare parts sellers have promised to reduce some prices, those reductions haven’t taken effect yet, and lubricant prices remain unchanged. Still, we decided on the 15% cut.”
Story By: Michael Abayatey
