The Concerned Drivers’ Association of Ghana (CDA) has confirmed a 10% reduction in transport fares beginning next week.
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”.
The Ghana Road Transport Coordinating Council (GRTCC) had earlier served notice that transport fares could be reduced in the coming days as fuel prices continue to drop at the pumps.
Speaking to Asaase News, the spokesperson of the Concerned Drivers’ Association, David Agboado said commuters should expect a nationwide reduction shortly.
“It is true, we are hoping that today the pumps will show positive by reducing their prices, when they reduce their prices, we are also going to reduce our transport fares, because we have this system called automatic adjustment formulae,” Agboado said.
“The automatic adjustment formulae has its own challenges in which we drivers have been the victims, because this year alone the price increment is 243% against transport fares of 15% which doesn’t match in any order.
“But we want to show the public that we have them at heart, with this reduction we are going to reduce fares by 10%, but the 10% will start from the coming weeks across the country,” he added.