Transport fares are set to drop 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 cedi against the US dollar, contributing to a notable drop in fuel prices.
The development also comes in the wake of 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.
Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), Abass Imoro, confirmed the fare reduction, describing it as a timely measure to align with ongoing market trends and ease the financial burden on commuters.
In recent weeks, fuel prices have declined consistently, sparking calls from commuters and civil society groups for a reduction in transport charges.
The Ministry of Transport has welcomed the announcement, describing it as a step in the right direction.
Passengers, already burdened by high living costs, have largely welcomed the news. Some say it offers a glimmer of relief and hope that other essential goods and services may also see price drops in the coming weeks.
The revised fares will cover all commercial transport services regulated by the GPRTU, including intra-city minibuses (trotros), long-distance buses, and commercial taxis.
