A crucial decision aimed at bolstering the transportation sector, President John Dramani Mahama has officially removed the Value Added Tax (VAT) on drivers’ insurance.
This pivotal change is designed to ease the financial burdens faced by commercial drivers, who have long struggled with rising costs.
The announcement comes on the heels of a series of reductions in fuel and diesel prices, which have seen decreases for six consecutive weeks.
This trend has provided a much-needed break for drivers, allowing them to operate more sustainably amid fluctuating market conditions.
In a show of solidarity and appreciation for these government initiatives, commercial drivers have reached an agreement to reduce transport fares by 15%, set to take effect on Saturday, May 24, 2025.
This fare reduction is expected to significantly benefit commuters, making public transportation more accessible and affordable.
These reforms signal a proactive approach by the government to support both drivers and passengers during challenging economic times.
As the transportation community prepares for these changes, many are hopeful that these measures will lead to a more stable and prosperous future for all.
Story Written By Adu Kingsley | Kobby Kyei News
