GCAA says market forces, not regulator, determine air ticket prices

The Ghana Civil Aviation Authority (GCAA) has clarified that air ticket prices in Ghana are largely determined by market forces rather than the regulatory body itself. Director General Rev Stephen Wilfred Arthur stated that the GCAA's role is limited to intervening in cases of anti-competitive practices or price collusion. He emphasized that the pricing of air tickets in the domestic aviation industry is deregulated.

Arthur acknowledged concerns over the high cost of air tickets within the domestic market but affirmed that market forces, rather than the regulator, are the main drivers of ticket pricing. He also supported calls for more airlines to enter the domestic aviation market, suggesting that increased competition could help reduce fares and improve service quality.

Arthur stressed that while he welcomes prospective airlines into the regulatory process, safety and security would not be compromised to attract more operators. He also highlighted government's action to reduce import duties on aircraft spares as a step that could help lower operating costs for domestic airlines, potentially leading to more affordable airfares.