Accra, May 21, 2025 – Transport fares across Ghana are set to be reduced by 15% effective Saturday, May 24, 2025, following successful negotiations between transport operators and the Ministry of Transport.
The fare cut reflects recent macroeconomic improvements, including the sustained appreciation of the Ghana cedi against the US dollar, which has led to a notable decline in fuel prices.
The announcement comes shortly after the Abossey Okai Spare Parts Dealers Association directed its members to lower prices on auto parts, citing favourable exchange rates.
Relief for Commuters
Speaking to Citi News, Abass Imoro, Industrial Relations Officer for the Ghana Private Road Transport Union (GPRTU), confirmed the fare reduction and described it as a timely measure intended to ease the financial burden on commuters amid improving market conditions.
“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 for now, which hasn’t taken effect, and none of the lubricants which went up has been reduced currently, we decided to peg the reduction at 15%,” Imoro said.
Broader Impact
The decision is expected to provide much-needed relief to daily commuters, especially in urban centres, where transport costs account for a significant portion of household expenses. Transport operators also hope the move will boost ridership and build public confidence in fair pricing practices.
Authorities have urged all stakeholders, including commercial drivers and passengers, to comply with the new fare structure from the announced date.
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