• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Transport Fares to Drop by 15% as GPRTU Responds to Fuel Price Decline

4 months ago
in Business, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
1.4k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Eni and OCTP Partners Sign Agreement With Government to Strengthen Energy Production, Promote Sustainability

Cedi to Stabilise at GHS 13.5 – GHS 14 per Dollar by End-2025 – Prof. Bokpin Forecasts 

IMF Commends Dominican Republic’s Economic Resilience, Projects 3% Growth for 2025

Transport Fares to Drop by 15% as GPRTU Responds to Fuel Price Decline

Transport fares are set to drop by 15% effective Saturday, May 25, 2025, the Ghana Private Road Transport Union (GPRTU) has announced. The decision comes in the wake of an 18% reduction in fuel prices, a development that has prompted the union to offer relief to commuters nationwide.

The fare reduction was confirmed by GPRTU’s Public Relations Officer, Abbas Ibrahim Moro, following a meeting between the Union’s National Executives and the Minister of Transport.

“We just had a meeting with the Minister of Transport and we have agreed that effective Saturday, May 25, transport fares must be reduced by 15%,” Mr Moro disclosed in an interview on Monday.

While the GPRTU typically applies a third of any decrease in fuel prices to adjust transport fares, Mr Moro explained that the Union had opted for a larger-than-usual cut this time to ease the financial burden on passengers.

“We normally use one-third of the fuel price reduction to adjust fares, but we opted for 15% this time to reflect the fuel price trend,” he stated. “We also expect our counterparts in the spare parts industry to follow suit and reduce their prices.”

Mr Moro emphasised that the Union did not wait for other elements in their cost structure to fall before acting on the fare adjustment, signalling a proactive move to align with recent fuel market developments.

He further cautioned that members who fail to implement the revised fares will face disciplinary action. “If your Union has decided, you have no option but to comply,” he warned.

The fare reduction is expected to bring some respite to the commuting public, especially in the face of broader economic pressures.

Tags: GPRTUTransport faresTransport Fares to Drop by 15% as GPRTU Responds to Fuel Price Decline

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Ghana’s Democracy at Risk as Cost of Presidential Campaigns hit $200m, Warns CDD

Coalition Against Galamsey Demands President Mahama to Re-dedicate to Fight Against Galamsey Crisis

IMF Says Italy’s Resilience Masks Long-Term Risks; Calls for Faster Consolidation and Reforms

Canada Tops Global Rankings for Tech Professional Opportunities

GSE Composite Index Hits 7,316 Points as Market Capitalisation Climbs to GH¢1.50bn

Empowering Women: First National Bank introduces ‘Helping Every Woman Rise (H.E.R.)’

Trending

Business

Eni and OCTP Partners Sign Agreement With Government to Strengthen Energy Production, Promote Sustainability

September 16, 2025

Eni and OCTP Partners Sign Agreement With Government to Strengthen Energy Production, Promote Sustainability Eni, together with...

Cedi to Stabilise at GHS 13.5 – GHS 14 per Dollar by End-2025 – Prof. Bokpin Forecasts 

September 16, 2025

IMF Commends Dominican Republic’s Economic Resilience, Projects 3% Growth for 2025

September 16, 2025

Ghana’s Democracy at Risk as Cost of Presidential Campaigns hit $200m, Warns CDD

September 16, 2025

Coalition Against Galamsey Demands President Mahama to Re-dedicate to Fight Against Galamsey Crisis

September 16, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.