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    Home»Business»Cedi appreciation: Transport Minister appeals to domestic airline operators to consider fare reduction
    Business

    Cedi appreciation: Transport Minister appeals to domestic airline operators to consider fare reduction

    ZamZam UpdateBy ZamZam UpdateJune 11, 2025No Comments2 Mins Read
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    The Minister for Transport, Joseph Bukari Nikpe has appealed to home airline operators to cut back air transport fares within the wake of the great run of the cedi.

    He urged the operators to comply with the instance of highway transport operators, who decreased their fares by 15 p.c.

    Talking to journalists at a stakeholders’ breakfast assembly organised by the Ghana Civil Aviation Authority (GCCA) in Accra, Mr. Nikpe mentioned the good thing about the cedi’s acquire should trickle down to each client, notably within the providers sector.

    “You’re conscious of the positive aspects our cedi has made. Our cedi has appreciated towards all the most important currencies. And as such, we anticipate that it’ll trickle right down to the service supply in our nation, the price of doing enterprise in our nation”, he mentioned.

    He expressed fear that Ghana’s home airline trade is much less aggressive because of the restricted variety of airways working within the space.

    This, he mentioned has restricted value competitors, which might have benefited clients if many airways had been working within the area.

    “Let me say that as a result of there are solely two home airways, they’ve a type of monopoly that’s retaining them to be very tight on their fares. However this breakfast assembly is one which we use to attraction to them to contemplate what the highway transport sector did by reviewing their costs downwards by 15% and urging them to take a cue from that and in addition do a discount of their affairs”, he careworn.

    Mr. Nikpe disclosed that authorities will maintain participating the airline operators, who’ve already sign the willingness to contemplate some reductions.

    “It is just my prayers that they may hearken to the requests and in addition evaluate downwards their fares. You heard them saying that they’re working at it, contemplating different elements. We’re very hopeful that very quickly they might have ended their deliberations and would have seen some fare reductions”.

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