Government announces name for new home base air carrier

Out of several proposed names for Ghana's planned new home-based carrier, the government has now settled on a suitable name that will reflect the culture and foster unity in this new enterprise.

Akwaaba Airlines, Black Star Airlines, and Kente Airlines were some of the names mooted but presenting the 2023 budget to Parliament last week, Finance Minister, Ken Ofori-Atta, revealed that Ghana's new home- based would be known "GhanaAirlines".

Mr. Speaker, Shareholders and Partnership Agreements were signed with the selected Strategic Partner for the Home-Based Carrier which will be known as "GhanaAirlines".

While he stopped short of naming the key shareholders and partners, AviationGhana sources say Ashanti Airlines is the preferred partner chosen by the government.
AviationGhana sources say Ashanti airlines, backed by Osei Kwame Despite and Ernest Ofori Sarpong, two entrepreneurs with interest in real estate, media, beverage production and others, is at the latter stages of completing all financial arrangements.

The indigenous company, which has an Air Carrier License (ACL) is also nearing the completion of the issuance of its Air Operator Certificate, a certificate authorising an operator to carry out specified commercial air transport operations, to enable it to start operations next year.

Ghana has been without a national airline since the collapse of Ghana International Airlines in 2010, following the demise of Ghana Airways in 2004. Attempts to establish a new home-based carrier has led to the signing of MoUs with Ethiopian Airlines and EgyptAir respectively with no clear outcome.

This led to the establishment of a new Committee to vet all proposal, after the erstwhile Ministry of Aviation was subsumed into the Ministry of Transport.

Comments

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

The Chief Executive Officer of MTN Ghana, Selorm Adadevoh , has been adjudged CEO of the Year – Telecom at the 2 nd edition of the Ghana CEO Vision and Awards held in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm Adadevoh’s award is in recognition of his achievements in the areas of sustainability, leadership excellence, innovation and others in the telecoms space which has contributed to job creation to support the growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services , expressed appreciation to the organizers for the award. He noted that th e award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of

Kofi Ahovi

Search This Blog