Business
New rules set for Okada riders in Ghana; Only 25-year-olds and above can ride
Persons willing to operate a commercial motorcycle or tricycle, popularly known as ‘okada’, can only do so if they belong to a recognised tricycle transport union or employed by a licensed commercial motorcycle company.
The provision to prohibit operations without belonging to a recognised union and need for riders to be at least 25 years of age is part of the new Legislative Instrument (LI) being drafted to amend the existing one, Road Traffic Regulations, 2012 (Legislative Instrument 2180).
Speaking at a national stakeholder consultation in Accra on Monday [April 7, 2025] on a draft LI 2180, the Minister of Transport, Joseph Bukari Nikpe, said the government was introducing a new licensing regime to enhance monitoring of commercial motorcycles and tricycles and ensure that operators met the necessary competency standards.
“Our utmost priority is the safety and welfare of the riders and passengers.
Therefore, some provisions in the regulations will cover the mandatory use of helmets, periodic inspections and rider training,” Mr Nikpe said at the meeting, which was the first of a nationwide consultation to review LI 2180 to pave way for the official operationalisation of okada, a thriving business among the youth.
The consultative meeting brought together representatives from the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service, the Ghana Private Road Transport Union (GPRTU), the association of okada riders, heads of relevant agencies and departments, industry practitioners, civil society organisations and transport operators.
Proposed provisions
“A person shall not ride or operate a commercial motorcycle or tricycle unless that person is employed by or belongs to a licensed commercial motorcycle or tricycle transport union,” the new provisions propose.
Anybody who flouts the provision, when it becomes law, by operating “a motorcycle or tricycle for fare-paying passenger services in contravention of sub-regulation (1) commits an offence and is liable to pay a fine of 100 penalty units or to a term of imprisonment or both”.
Background
Motorcycles and tricycles have become a crucial part of our transport ecosystem over the past decade.
They are especially useful for last-mile journeys and in areas where traditional para-transit vehicles (tro-tro) and taxis find it challenging to go; they do the job.
In some of our urban centres, mostly in the northern part of the country, motorcycles and tricycles have literally replaced traditional public transport vehicles.
However, as their popularity had surged over the years, so had the challenges associated with their use, the Transport Minister said.
“We have witnessed increasing road traffic crashes and fatalities involving motorcycles and tricycles.
There are also concerns over safety regulations, disregard of road traffic laws, and the pressing need for a structured approach to governance in this sector,” Mr Nikpe pointed out.
Committee
Since the 2016 electioneering, President John Dramani Mahama pledged to implement effective regulations of commercial use of motorcycles and tricycles for improved safety, job security and welfare of riders.
Last month, the Minister of Transport constituted a 13-member committee, made up of officers from the Office of the Attorney General and Ministry of Justice, the Ministry of Youth Development and Empowerment, the Ministry of Local Government, Chieftaincy and Religious Affairs, the Driver and Vehicle Licensing Authority (DVLA) and the National Road Safety Authority, chaired by the Ministry of Transport.
The committee was tasked to develop a draft regulatory framework for the use of motorcycles and tricycles for fare-paying passenger services with a focus on safety, inclusivity and innovation.
Following a series of engagements, the committee developed a draft regulatory framework which was presented to stakeholders yesterday.
Purpose
Mr Nikpe said the stakeholder consultation was to elicit grassroots information to shape the regulations that had been developed.
He urged the participants to discuss the issues dispassionately and recommend practical measures for adoption and consequent implementation.
“Through this dialogue, we hope to develop a comprehensive and robust regulatory framework that will stand the test of time for the consideration of Parliament,” he stated.
Other provisions
The draft regulatory framework proposes that a person is qualified to engage in commercial motorcycle or tricycle operations if that person is incorporated under the Companies Act, 2019 (Act 992) as a limited liability company, partnership, union, society, cooperative or other similar association.
The Head of Road Transport Services at the Ministry of Transport, Daniel Essel, who presented the draft regulatory framework, said the operator (person or entity) must have a physical presence in at least eight administrative regions and have a minimum fleet size of 50 in each of the regions or as may be determined by the regulatory authority in consultation with the Minister of Transport (the Minister).
The operators must also have a standard union dress code as approved by the regulatory authority and meet other conditions as the regulatory authority may prescribe in collaboration with the DVLA and the district assembly.
While the riders are required to obtain a licence and renew them every two years, a commercial motorcycle or tricycle union shall renew its licence annually by paying a prescribed fee and satisfying the conditions determined by the regulatory authority.
The unions would also be enjoined to comply with the code of conduct approved by the Minister.
A commercial motorcycle/tricycle union is also enjoined to organise re-training or refresher courses for its riders at least once a year in consultation with the regulatory authority.
All permitted members of the union shall be enrolled on an electronic database as prescribed by the regulatory authority.
District assemblies
The regulation also gives a district assembly the right to grant a commercial motorcycle or tricycle union a permit to operate in the locality upon the payment of a prescribed fee and satisfaction of the conditions determined by the assembly in consultation with the regulatory authority.
With that permit, the district assembly must designate or approve areas as terminals and stands in the locality.
Mr Essel said a commercial motorcycle or tricycle union shall promptly investigate and keep on file a record of any circumstances in which the Code of Conduct was violated, as such breaches would attract penalties.
Riders
The riders would also be enjoined to have a valid commercial rider’s licence issued by the DVLA and the applicant shall be, at least, 25 years of age and must possess a valid National Identification Card.
They must also pass a commercial motorcycle/tricycle riding proficiency test, an oral test, theoretical test and an eye test.
After completing training on the riders’ syllabus and manual, they shall be assigned and registered with an identification mark – a distinctive yellow licence plate with black lettering.
They will also wear a certified protective helmet with a unique number affixed on the back of the helmet, the riders must always make available a certified protective helmet for use by the pillion rider, and they must adhere to all traffic laws and speed limits, among others.
Source: Graphic online
Business
24-Hour Economy Authority Secures Over $8 Billion in Investment Agreements in 90 Days
The Ghana 24-Hour Economy Authority has announced that it has secured bankable investment agreements worth more than $8 billion within the last 90 days, a development officials say demonstrates growing investor confidence in the government’s flagship 24-Hour Economy initiative.
The disclosure was made by the Chief Export Development Officer of the Ghana 24-Hour Economy Authority, Gabriel Opoku-Asare, during a roundtable discussion on the theme, “Unlocking Africa’s Single Market: How Can Ghanaian Businesses Win Under AfCFTA?” on Channel One TV as part of the Citi Business Festival held on Thursday, June 11, 2026.
According to Mr. Opoku-Asare, the agreements underscore the government’s commitment to attracting private sector investment to drive the implementation of the 24-Hour Economy agenda, rather than relying extensively on public funding.
He explained that the strategy is designed to reduce pressure on the country’s public finances while accelerating industrial growth and the development of strategic economic corridors across Ghana.
“We are enabling private capital in the development of all the projects we are talking about and the economic corridors we are building. Once private capital comes in, our work is coordination and enabling investment, so it is not sitting on sovereign debt. That is very important to ensure permanence in the long term,” he stated.
Mr. Opoku-Asare noted that the Authority is increasingly focusing on facilitating and coordinating private investments instead of directly financing projects with government resources, a move he believes will enhance the long-term sustainability of the programme.
He further emphasised that the signing of investment agreements exceeding $8 billion within a relatively short period highlights strong investor interest and confidence in the direction of the 24-Hour Economy programme.
“I’ve spoken about, in the last 90 days, all the bankable agreements that we’ve signed already, which is like over $8 billion,” he added.
Business
BoG Halts Proposed Charges on MoMo-to-Bank Transfers
The Bank of Ghana has directed Mobile Money Fintech Limited to suspend its planned 0.75 per cent charge on direct mobile money wallet-to-bank account transfers.
The proposed fee, which was expected to take effect from June 1, 2026, has been put on hold to allow for further stakeholder consultations, the central bank announced on Tuesday, May 26.
The directive follows a notice issued by MTN Ghana on Monday, May 25, informing customers that transfers from MoMo wallets to bank accounts would attract a 0.75 per cent fee per transaction, capped at GH₵5.
Under the proposed arrangement, customers would have been charged even when transferring funds from their own registered MoMo wallet to their personal bank account — a service that has so far been offered free of charge.
In a statement, the Bank of Ghana explained that the suspension forms part of efforts to ensure that any adjustments to charges within the mobile financial services space are implemented in a fair and transparent manner, while safeguarding consumer interests and financial well-being.
For the time being, customers will continue to enjoy free transfers from MoMo wallets to bank accounts, as the proposed charges remain suspended.
The central bank further clarified that existing charges on MoMo wallet-to-wallet transfers, as well as cash-in and cash-out transactions at agent points, remain unchanged.
MTN Ghana is yet to officially respond to the Bank of Ghana’s directive.
Business
MTN Ghana Introduces Charges on MoMo-to-Bank Transfers from June 1
MTN Ghana has announced that Mobile Money users will begin paying charges for transfers from their MoMo wallets to bank accounts effective June 1, 2026, ending years of free transfers for customers moving funds between their own accounts.
In a text message sent to subscribers on Monday evening, May 25, the telecommunications company disclosed that all MoMo-to-bank transfers will now attract a fee of 0.75 per cent per transaction, capped at GH₵5.
Under the new pricing structure, customers transferring GH₵100 from their MoMo wallet to a bank account will pay 75 pesewas, while transfers of GH₵667 and above will attract the maximum charge of GH₵5.
The fee will apply to all bank transfers, including transactions involving bank accounts belonging to the same individual who owns the MoMo wallet. Previously, MTN customers enjoyed free transfers when moving funds between their personally registered MoMo wallets and bank accounts.
According to the company, the move forms part of efforts to improve service delivery to its growing customer base.
“From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GH₵5. This will help us continue to serve you better. Thank you for choosing MoMo,” the message to customers stated.
The development marks a significant change in MTN Ghana’s mobile financial service charges, particularly for customers who frequently transfer money from MoMo wallets into bank accounts for business and personal transactions.
However, the company clarified that the new charge applies only to transfers from MoMo wallets to bank accounts. Existing charges for MoMo-to-MoMo transfers, as well as cash-in and cash-out transactions at agent points, remain unchanged.
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