Get ready to save some extra cash on your daily commute because starting May 24, transport fares are set to drop by a whopping 15%! This exciting news comes after successful negotiations between transport operators and the Ministry of Transport, reflecting recent macroeconomic developments that are sure to bring relief to commuters across the country.
The drop in transport fares is a result of the sustained appreciation of the cedi against the US dollar, leading to a decrease in fuel prices. This positive trend has also prompted the Abossey Okai Spare Parts Dealers Association to urge its members to reduce auto parts prices in response to the improved exchange rate, further contributing to the overall cost reduction for commuters.
In a recent interview with Citi News, Abass Imoro, the Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), confirmed the fare reduction, emphasizing the importance of aligning with market trends and easing the financial burden on commuters. “We have finally agreed to reduce lorry fares by 15%, but it will take effect from Saturday,” Imoro stated. “Although currently, spare parts sellers have promised to reduce some of their prices for now, and none of the lubricants which went up has been reduced currently, we decided to peg the reduction at 15%.”
With transport fares set to decrease by 15%, now is the perfect time to take advantage of the savings and enjoy a more affordable commute. Make sure to mark your calendars for May 24 and get ready to pocket some extra cash as you travel around town. Happy
Ghanaflare.com
