Transport fares across Ghana are set to decrease by 15% beginning Saturday, 24 May 2025, following successful negotiations between transport operators and the Ministry of Transport.

The adjustment in fares reflects recent macroeconomic improvements, including the sustained appreciation of the Ghanaian cedi against the US dollar, which has contributed to a significant drop in fuel prices.

This development also follows a directive from the Abossey Okai Spare Parts Dealers Association, urging its members to lower prices of automotive parts in response to the more favourable exchange rate.

Confirming the fare reduction in an interview with Citi FM, Abass Imoro, Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), described the move as a timely intervention aimed at aligning with current market trends and easing financial pressures on commuters.

“We have finally agreed to reduce lorry fares by 15%, but it will take effect from Saturday,” Mr Imoro stated.

“Although currently, spare parts sellers have promised to reduce some of their prices — 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%.”

The fare cut is expected to bring some relief to passengers nationwide, amid ongoing calls for price adjustments in line with macroeconomic shifts.