Transport companies have agreed to evaluate fares downward starting on May 17, 2023, as a result of the current trend of consistently falling petroleum product costs.
The Road Transport Operators announced the choice in a statement on Monday, May 15.
The operators explained the decision in a statement jointly signed by Godfred Adulbire, general secretary of the Ghana Private Road Transport Union (GPRTU), and Emmanuel Ohene Yeboah, general secretary of the Ghana Road Transport Coordinating Council. They claimed the move is in accordance with the “Administrative Arrangement on Public Transport Fares, to accommodate for reductions in prices of petroleum products observed over the period.”
Shared taxis, intra-city (trotro), inter-city (long distance buses), and haulage vehicles will all be subject to the new rates.
The statement also urged business transportation providers to adhere to the new rates and publicize them at their loading areas.
“We also ask that all operators, commuters, and the general public work together to ensure that the new fares are implemented successfully.”
Even before this drop, transportation fares had increased multiple times in response to the rising cost of fuel at the time.
This new discovery comes as industry observers forecast a further decrease in petroleum product prices beginning Tuesday, May 16, 2023.
