Transport fares to go down on May 24
The Ghana Private Road Transport Union (GPRTU) has announced a 15% reduction in transport fares effective Saturday, May 24, 2025.
This decision follows a meeting between the Union’s National Executive and the Minister of Transport, amid favorable economic trends, including a strengthening of the cedi against the US dollar, which has led to lower fuel prices.
The Public Relations Officer of the GPRTU, Abbas Ibrahim Moro, confirmed the development in an interview with Citi News.
“We just had a meeting with the Minister of Transport and we have agreed that effective Saturday, May 24, transport fares must be reduced by 15%,” he disclosed.
According to him, the fare adjustment is a direct response to an 18% drop in fuel prices.
He explained that although the Union typically applies a third of the fuel price decrease, they have opted for a 15% cut this time to ease the burden on commuters.
“We normally use one-third of the fuel price reduction to adjust fares, but we opted for 15% this time to reflect the fuel price trend. We also expect our counterparts in the spare parts industry to follow suit and reduce their prices,” he noted.
“We want to place on record that we did not wait for the other components of our cost build-up to reduce before the 15% reduction,” he added.
He also warned that GPRTU members who refuse to implement the fare cut will face consequences, adding that, “If your Union has decided, you have no option but to comply.”
SP/VPO
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