The fastest means of transport which is through the air has become something which is gradually taking bounds across the globe where there are domestic airports and Ghana cannot be an exception. The domestic flight transport system which enroutes the major regional capitals like Kumasi, Tamale, Takoradi and what have you have recently revised airfare due to the current economic crisis across the continents.
The airfare cost of travelling from the capital Accra to Kumasi in the Ashanti Region per person by air has crossed the GH¢600 mark, the highest one-way fare recorded on the route, Aviation Ghana reports. For several weeks now, an Accra-Kumasi one-way ticket on Africa World Airlines (AWA) and PassionAir has crossed the GHC600 mark, with about GH¢ 1,200 required to make an Accra-Kumasi-Accra round trip.
Currently, the Accra-Tamale-Accra and Accra-Takoradi-Accra routes, passengers now require close to GH¢ 1,400 to make a round trip from Accra to the two cities. The sudden escalation in the airfares has been attributed to the rising cost of aviation fuel on the international market, the depreciation of the local currency against the US dollar. The USD is the main currency used by airlines for the purchasing of spare parts and others and the limited number of domestic airline operators, hence the surge in the airfares.
In Ghana, which imports all of its aviation fuel despite being an oil-producing nation in Africa, jet fuel is selling for about US$1.2 per liter, reflecting the cost of the commodity on the international market. Jet fuel price average for 2022 (year to date) is $143.4/bbl, according to data published by the International Air Transport Association (IATA).
The jet fuel which is controlled by the international market ended last week up at $143.0/bbl which is a percentage increase of 3.4%.
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