Government wants domestic airline operators to consider reducing airfares following the recent appreciation of the Ghanaian Cedi against major international currencies.
According to the Transport Ministry, the strengthening of the local currency is easing foreign exchange-related operational costs for businesses, particularly in the aviation sector. Authorities believe it is time for consumers to benefit from the improved macroeconomic conditions.
Speaking at a high-level stakeholders’ breakfast meeting organised by the Ghana Civil Aviation Authority on Wednesday, June 11, 2025, Transport Minister Joseph Bukari Nikpe emphasised the importance of reflecting on the current economic gains in pricing.
“You are aware of the gains our Cedi has made. The Cedi has appreciated against all the major currencies as such we anticipate that it will trickle down to the service delivery in our country and the cost of doing business in our country.
“It is only my prayers that they will listen to the requests and also review downwards their fares. You heard them saying that they are working at it, considering other factors. We are very hopeful that very soon they would have ended their deliberations and would have seen some fare reductions,” he stated.
