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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Limit interference in National Airline – GCAA staff to gov’t

bycitibusinessnews
July 18, 2016
in Business, Government, Local Economy, Top Stories, Transport
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The Staff of the Ghana Civil Aviation Authority want government to limit its interference in the management of the new national airline.

The workers believe the fortunes of the defunct Ghana Airways and the Ghana International Airline should prompt government to limit its interference this time round and ensure continuity.

Government through the Ministry of Transport is seeking a partner to re-establish the country’s national airline company.

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The Ministry is however yet to announce its preferred partner after it issued a notice on expression of interest to accept bids from prospective partners last month.

However speaking to Citi Business News on the processes so far, the Spokesperson for the staff of the GCAA, William Amoako believes limited government interference will translate in huge benefits accruing to the economy.

“There is too much interference from the government, management, politicians and even the workers themselves. Ghana is doing well internationally but why are we not doing well in the management of an airline company. Compare Ethiopian Airways, Rwand Air and Air Cote d’Ivoire to Ghana, these airline companies have grown to possess a lot of aircrafts. So if government can solely invest in the airline company or invite private participation and avoid excessive interference, we will indeed go places,” he stated.

Auditing firm, Price Waterhouse Coopers (PWC), also the transaction advisor to the transport ministry in finding a partner company, has stressed on the need to get an experienced strategic airline partner with a global distribution network.

A report by the advisors settled on Qatar Airways as the best option for Ghana.

It has also named seven others including Delta and South African Airlines as good options for Ghana.

100 percent Ghanaian ownership is best

Meanwhile the workers have impressed on government to consider working toward a hundred percent ownership by Ghanaians.

While commending the PPP for the initial stages of the contract, the workers are also hopeful of substantial economic benefits such as employment and revenue following a hundred percent Ghanaian ownership.

“If government has the wherewithal and the ownership is 100 percent that would have been the best. But if it doesn’t have and partners an international company, that will be the beginning of it,” William Amoah further noted.

He added, “Partnerships at times even work very effectively for instance KLM partners Kenya Airways and that has contributed to its effectiveness. So partnership in itself is a good thing but when you have the financial and human resources to establish a national airline,that will be the best.”

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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