Goil has reduced fuel prices by 15p on Tuesday December 7.
The drivers had pretested the escalating fuel prices in the country.
They embarked on a sit down strike on Monday.
Passengers were left stranded in most parts of Accra following the strike.
Subsequently, a meeting was called by the President to discuss the way forward.
After the meeting, Mr Akufo-Addo was reported to have issued a directive to the Ghana Oil Company (Goil) to reduce fuel prices.