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    Togbe Afede XIV urges BoG to introduce measures to deal with rising inflation

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    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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

    Transactions to be affected by E-levy

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

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Ghana suspends plans to get a new national airline

bycitibusinessnews
December 16, 2016
in Government, Local Economy, Top Stories, Transport
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Ghana has suspended plans to get a partner for the new national airline.

This is because the work of the approval committee in the Public Private Partnership process has stalled following the election of a new government.

The halt in operations of the committee will continue until the incoming NPP administration concludes appointments to key ministries, departments and agencies and subsequently form a new approval committee.

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The Committee is expected to approve the Request for the proposal from the ten shortlisted airlines.

Transport Minister, Fiifi Kwetey had earlier stated that the process should be completed in October this year.

It is however unclear when the new committee will be formed.

The new national airline has become imperative following the collapse of the Ghana International Airlines in 2010.

The Ghana International Airlines was established in 2004 with 70 percent shares held by the government and 30 percent held by a US consortium GIA-USA.

National airline necessary

The quest to revive the operations of a new national airline has been viewed by some observers in the aviation industry as an indispensable component of attaining the objective of becoming an aviation hub in the sub-region.

According to the Country Manager for Air France KLM, Dick Van Niewwenhuyzen, the increased infrastructure will build confidence in Ghana’s aviation industry.

“I see new departure terminals being built; also Ghana recently launched its new cargo centre and I believe the country is undertaking these infrastructure because it sees growth, opportunities to expand the business. I think the market will remain same but the cake will be shared differently among participants in the industry,” he remarked.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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