The Ghana Private Road Transport Union, GPRTU has announced a 5% reduction in transport fares which take effect on Friday, January 9, 2015.
This follows the 10% fuel price reduction announced by the National Petroleum Authority (NPA).
According to the GPRTU, the reduction was necessitated by the 10% reduction in petroleum prices announced by NPA which took effect January 1, 2015.
In an interview on Citi FM, General Secretary of the GPRTU, Stephen Okudzeto said “we had a lengthy negotiation about the impact of the 10% reduction and its impact on our operations. You are aware that it’s not only reduction in fuel that we consider before announcing a reduction.
“Other components like cost of spare parts, interest rate on loans etc are components that we factor into our deliberations before coming out with a fare so after all that, we agreed on the 5%.”
Mr. Okudjeto added that “we would do the calculations ourselves on how much should be charged on the various routes and we would make it available to all stations by tomorrow, to avoid scuffles between passengers and drivers.”