Transport fares to drop 15% starting May 24
By: Solomon Nartey Tetteh
Public transport fares across Ghana are set to drop by 15 percent, effective Saturday, May 24, 2025, following successful negotiations between the Ministry of Transport and key transport unions.
The decision comes in the wake of recent macroeconomic improvements, particularly the steady appreciation of the Ghana cedi against the U.S. dollar, which has helped drive down fuel prices — a major cost factor for transport operators.
In a media briefing, Alhaji Abass Ibrahim Moro, Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), confirmed the fare reduction, describing it as a move to ease the financial pressure on commuters.
“We have finally agreed to reduce lorry fares by 15 percent, effective Saturday. Although the prices of lubricants and some spare parts have not yet come down, we believe this adjustment will bring some relief to the public,” Mr. Moro said.
He noted that while not all operational costs have declined — particularly in the spare parts and maintenance sectors — the unions are responding to calls from the government and the general public to adjust fares in line with falling fuel prices.
The announcement has been welcomed by many Ghanaians who have long called for fare reductions in light of the recent drop in petroleum prices. Transport operators had been under pressure to pass on the benefits of the fuel price cuts to consumers.
Mr. Moro added that the GPRTU is encouraging other players in the transportation value chain — including auto parts dealers, lubricant suppliers, and vehicle maintenance service providers — to follow suit and adjust prices accordingly.
Meanwhile, the Abossey Okai Spare Parts Dealers Association has urged its members to reflect the improved exchange rate in their pricing. However, progress has been slow, with some traders citing delays in restocking and high import duties as reasons for the delay in adjusting prices.
The Ministry of Transport has lauded the decision as a positive step towards economic recovery, and says it will continue to monitor developments in the transport sector to ensure fair pricing and public welfare. The new fares are expected to be published ahead of Saturday to guide both drivers and passengers.
