No Result
View All Result
Tuesday, February 7, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    DDEP: Government hopeful bondholders will register for programme

    5 important things to know about the African Continental Free Trade Area agreement

    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Pensioners to picket at Finance Ministry over DDE

    Ghana begins to locally manufacture its own bullion vans to combat robbery

    MTN’s aYo insurance covers over 8 million Ghanaians in 5 years

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Nigeria ranks number one globally for cryptocurrency usage and ownership

    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

  • TECHNOLOGY

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    DDEP: Government hopeful bondholders will register for programme

    5 important things to know about the African Continental Free Trade Area agreement

    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Pensioners to picket at Finance Ministry over DDE

    Ghana begins to locally manufacture its own bullion vans to combat robbery

    MTN’s aYo insurance covers over 8 million Ghanaians in 5 years

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Nigeria ranks number one globally for cryptocurrency usage and ownership

    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

  • TECHNOLOGY

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Deputy transport minister slammed over airline comments

bycitibusinessnews
August 29, 2014
in Business, Top Stories, Transport
Share on FacebookShare on TwitterShare on Whatsapp

Business economist with Manchester Business School, Professor Pikay Richardson has slammed the Deputy Transport Minister, Joyce Bawa Mogtari on her defence that Ghana Airways was a viable venture.

 Joyce Bawa Mogtari, Deputy Transport Minister
Joyce Bawa Mogtari, Deputy Transport Minister

The Deputy Transport Minister early on told Citi Business News the erstwhile Ghana Airways was making profits before it collapsed.

Justifying government’s move to establish the new airline, Joyce Bawa Mogtari said “the original Ghana Airways Company Limited was actually a viable company, making profits for many, many years.”

ADVERTISEMENT

But Professor Pikay Richardson speaking to Citi Business News questioned how.

“I have known Ghana airways seized in Rome, in London, in Darkar because they haven’t paid for fuel. That is not the mark of a successful company? I was surprised when they said it was successfully making money. Why did we disband it?” he question.

“If an organisation is making enough money to pay for all its cost and even have a profit, why did we disband it?”

Professor Pikay Richardson noted that Ghana Airways “was badly run”.

“I know people who actually flew on Ghana Airways and paid nothing because they were connected. Traders went to London to buy goods and shipped them on Ghana Airways and paid nothing”, he added.

You cannot run an organisation that is supposed to be commercial on ‘friendly and connection’ basis.

Professor Pikay Richardson also expressed support for calls by former chief of staff Kodjo Mpiani that the airline is not economically viable.

The problem is this; it is not a matter of “we have money money to buy the planes and build an airport.”

He recommends that if the new airline will be successful, government and its private partner must focus on hiring a competent management team.

According to him, “the management of the organisation is the most important part. If you have the most sophisticated and modern airport and have the best planes in the world and the people managing these are poorly trained, poorly motivated, they can’t be bothered and there will be no result.”

The Manchester Business School Professor added that “Emirates in Dubai did not have money when they were starting the airline. They had only 10million dollars, which doesn’t buy 10% of a plane. But the management, the motivation, the discipline, the seriousness and the desire to do it was there so whatever penny they had, brought in something”.

The Business Economist indicated the management is the underling success factor.

“Garbage-in, garbage-out the type of management you put determines the type of results that you get”, Professor Pikay Richardson added.

Professor Pikay Richardson will be the key speaker at a two day Executive and Open Leadership seminar organised by LockWood Institute on the 1st and 2nd of September at the Christ the King Conference Hall.

 

By:  Kwaku Anim Boadu/citifmonline.com/Ghana

 

 

Related Posts

Local Economy

DDEP: Government hopeful bondholders will register for programme

bycitibusinessnews

Government is optimistic all bondholders will sign up for the Domestic Debt Exchange Programme, as registration unto the programme expires...

Read more

5 important things to know about the African Continental Free Trade Area agreement

Nigeria ranks number one globally for cryptocurrency usage and ownership

DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

Pensioners to picket at Finance Ministry over DDE

Next Post

ECG intensifies load shedding exercise

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.