Business News of Wednesday, 15 April 2026

Source: www.ghanaweb.com

Transport operators suspend fare increases after government fuel intervention

Transport operators will not increase transport fares after government intervention Transport operators will not increase transport fares after government intervention

Road transport operators in Ghana have opted against increasing fares for now, pointing to ongoing government efforts to stabilise fuel prices amid recent global pressures.

The decision was confirmed in a joint statement issued by the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC), following a series of engagements with authorities over rising operational costs.

Despite earlier concerns about possible fare adjustments, the unions indicated they will hold off on any changes.

Government to temporarily absorb part of fuel costs for one month

According to the statement, the two bodies have agreed to “stay the implementation of the existing transport fares” as they continue to assess the impact of new measures introduced within the fuel pricing regime.

Their decision comes on the back of discussions with the Ministry of Transport and other stakeholders, where government outlined steps being taken to ease pressure on fuel prices.

The unions acknowledged these efforts, particularly moves to “reduce and stabilise the prices of petroleum products, including the reduction and suspension of some margins… in the next pricing window.”

In recent weeks, transport operators have faced increasing strain due to rising fuel costs, largely influenced by global crude oil price fluctuations. The statement referenced how tensions involving the US, Israel, and Iran have contributed to the situation, pushing operational costs upward.

However, the unions expressed optimism that sustained interventions will ease the burden across the sector, noting that such measures would “help reduce and stabilize fuel prices and provide significant relief to transport operators, commuters, and the general public.”

Government’s latest move is set to take effect from April 16, 2026, with authorities absorbing GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol.

The directive, announced in a statement signed by government spokesperson Felix Kwakye Ofosu, forms part of broader efforts to cushion consumers from rising fuel prices.

In the meantime, transport operators across the country have been urged to comply strictly with the directive and avoid any unauthorised fare increases.

FKA/MA