By The government aims to ease the financial burden on citizens. They have revealed plans to engage with transport operators in the coming weeks. The discussion will focus on a potential reduction in transport fares. The announcement comes as fuel prices continue to decline, offering a window to alleviate inflationary pressures across the country.
Deputy Finance Minister Thomas Ampem Nyarko spoke at the Kwahu Business Forum held in Mpraeso on April 19, 2025. He emphasized the importance of this initiative for the nation’s economic stability. “We are committed to reducing inflation. With fuel prices trending downward, we see an opportunity to work with transport operators to lower fares,” Nyarko stated. He added that such a step would have a positive ripple effect on the cost of living, benefiting citizens nationwide.
The proposed discussions are part of a broader strategy to improve economic conditions following recent challenges. Inflation has been a pressing concern. The government hopes that reducing transport fares will lead to a significant drop in the next inflation report. Nyarko expressed optimism, noting that the government’s efforts to stabilize the economy are already showing signs of progress.
The Kwahu Business Forum, where the announcement was made, also highlighted the government’s commitment to inclusive growth. The event brought together key stakeholders, including members of the private sector and political figures like Minority Leader Alexander Afenyo-Markin. Nyarko emphasized the importance of collaboration. He stated, “Bringing everyone together is crucial. Government, private sector, and all stakeholders must unite to drive the growth we need as a country.”
As the government prepares to hold talks with transport operators, citizens are hopeful. They believe that a reduction in fares will soon translate into more affordable travel. This could also lead to a lower cost of goods and services. The outcome of these discussions could mark a significant step toward economic relief for many households.
