Transport fares reduced by 10% effective Wednesday

By Newscenta On May 15, 2023

Transport fares reduced by 10% effective Wednesday following the recent downward trend of petroleum prices

This was communicated in a release issued by the Road Transport Operators.

It was jointly signed Emmanuel Ohene Yeboah, General Secretary of Ghana Road Transport Coordination Council and Godfred Abulbire, General Secretary of Ghana Private Road Transport Union (GPRTU).

In said release, they stated that in line with the Administrative Arrangement on Public Transport Fares, they have reduced public transport fares by 10% to accommodate for the reductions in the prices of petroleum products observed over the period.

The new fares will apply to shared taxis, intra-city buses, popular called tro-tro, intercity (long distance) buses, and haulage vehicles.

The statement urged all Commercial Transport Operators to comply with the new fares and post same at their loading terminals.

The year 2022 recorded several transport fare hikes

On Saturday, February 26, there was a 15% increase in the cost of transport.

The transport unions wanted a 30% upward adjustment but after a meeting with stakeholders on Monday, 21 February 2022, the operators agreed to a 15 percent increment.

Then, in May 2022, transportation fares went up again by 20% after the prices of petrol and diesel shot up to a national average of GH¢9.41 and GH¢11.12, respectively.

Again in October 29, 2022, transport fared went up again by 19%.

Road Transport Operators reduced transport fares by 15.3% effective Monday, December 19, 2022,

With the dominance of the private sector in the urban mass transportation service provision, fares charged have always been a source of controversy due to the objective of the service providers.

This group of people consider this form of transport mode as the only affordable means of commuting.

This goes a long way to affect productivity since most workers use these means to get to their workplaces.

In a country where transport fares impact directly on prices of all goods and services, reducing fares should reflect in reduce prices of goods and service

Drivers and commuters have been advised to ensure the smooth implementation of the reduction