Transport Fares to Decrease by 15% Starting May 24

Transport fares across the country will be reduced by 15% effective Saturday, May 24, 2025, following successful negotiations between transport operators and the Ministry of Transport.

This decision comes in response to recent macroeconomic improvements, notably the sustained appreciation of the Ghanaian cedi against the US dollar, which has led to a significant reduction in fuel prices.

The fare reduction also follows a directive from the Abossey Okai Spare Parts Dealers Association, encouraging its members to lower the prices of auto parts due to the stronger exchange rate.

Speaking to Citi News, Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), Abass Imoro, confirmed the development and described the move as a timely intervention to reflect current market conditions and relieve financial pressure on commuters.

“We have finally agreed to reduce lorry fares by 15%, but it will take effect from Saturday,” Imoro stated. “Although spare parts dealers have pledged to cut prices, those changes haven’t taken effect yet, and lubricant prices remain unchanged. Nonetheless, we settled on a 15% reduction to support the public.”