The Road Transport Operators Union has announced a 10% reduction in transport fares on Monday, May 15, 2023, following the reductions in prices of petroleum products.
The new transport fares, according to the union, will take effect from Wednesday, May 27, 2023.
The new fares will affect shared taxis, intra-city, popularly known as "trotro" and haulage.
"We kindly request all Commercial Transport Operators to comply with the new fares and post same at their loading terminals," a section of the union's release on Monday revealed.
The union also called on all commuters, public transport operators, and the general public to cooperaterate with it for the new fares to be successfully implemented.
Meanwhile, these are the new fares coming to replace the old ones at the various lorry stations.
Instead of seven (7) Ghana cedis, passengers will now pay six (6) Ghana cedis for the same service.
Passengers, instead of paying seven Ghana cedis, fifty pesewas ((7.50) for driving service, will now pay seven (7) Ghana cedis.
Below are the old transport fares and new prices:
Meanwhile, some Ghanaians are calling on traders to reduce the price of products that are sold in the market.
According to them, they still do not understand why prices remain the same although transport fares had been reduced a number of times last year and have again been reduced by 10% this year.
The Ghana Statistical Service has also announced that inflation has come down by 41.2% for April.
This represents a 3.8 percentage point decrease from the 45.0% recorded in March 2023.
This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday.
Per the data, food inflation also stood at 48.7% and Non- food inflation at 35.4%.
However, this has not been been reflected in the prices of commodities in the market as Ghanaians still lament the high cost of living.
Prices of fofoodstuffstmain the same in the market and Ghanaians are hopeful that the reduction in transport fares will lead to reductions in the prices of commodities.
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