The Ghana Transport Road Coordinating Council (GTRC) has announced plans to reduce transport fares in the wake of continuous reduction in fuel prices at the pump.
The Institute for Energy Security (IES) has predicted that prices for fuel will drop significantly at the pump “due to the 6.60% appreciation of the cedi against the US dollar”.
Appearing on the Asaase Breakfast Show on Thursday (15 December), general secretary of GTRC Emmanuel Ohene Yeboah said the council is meeting the transport ministry today after which an announcement will be made.
“We are having a meeting with the Ministry of Transport today and we should have something for the general public at least by tomorrow evening.
“What I can say categorically is that there will be a change to the fares and by that, I mean a reduction as based on the subsequent reduced rate of fuel pricing We have been actively engaging on this topic of fare price reduction and we should be coming out with something very soon.”
“I don’t think that the call for fare reduction is misplaced If fares went up as a result of high price of fuel, then with fuel prices going down, I think that it is only fair to ask for fare reduction,” Ohene Yeboah said.
