No Result
View All Result
Tuesday, October 3, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Gross insurance premiums decline in H1; but industry outlook remains positive

    AGI advocates for innovative policies to support SMEs

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

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

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Gross insurance premiums decline in H1; but industry outlook remains positive

    AGI advocates for innovative policies to support SMEs

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

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

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

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

Gov’t is working to invest heavily in aviation sector – Kofi Adda

byNerteley Nettey
September 1, 2020
in Local Economy, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

The Aviation Minister, Joseph Kofi Adda, says government is working to secure investment worth billions of dollars to expand airport infrastructure as part of a bigger plan to make Ghana an aviation hub in the sub-region.

Joseph Kofi Adda, made this known to Citi Business News on the sidelines of a media engagement on Monday, ahead of the reopening of the Kotoka International Airport.

He says once money is available, they are looking investment worth nearly three billion dollars which will also create employment.

ADVERTISEMENT

“It is billions of dollars. It all depends on the areas that they pick. But if you look at it cumulatively, we are talking about between two to three billion dollars if we are really going to make Ghana an aviation hub, but it will take time and we don’t have the money,” he said.

The Aviation Minister also explained government’s decision to partner a private investor to manage the Kotoka International Airport.

“We are not selling or privatizing the airport. We do not have the management contract for any company to take over the airport. What we are working on is to ensure that we expand infrastructure to create more opportunities for Ghanaians. But the concern we have is that, we have to service the debt for this terminal. The Minister of Finance cannot solely carry the burden,” he added.

The Aviation Minister also disclosed that potential investors have shown interest in partnering government in putting up the much-talked about Cape Coast airport. The Minister however says a feasibility study into the project is ongoing.

“We have done some feasibility studies on the project. We have had a number of interested partners who have come to discuss with us. We are also looking at other parts of the country, so we are negotiating with them, so we can see what they can do for us,” he noted.

After the closure of Ghana’s only international airport to passenger travel in the wake of COVID-19 for nearly six months, the facility officially reopened to international flights on Tuesday, September 1, 2020.

Managers of the facility say they expect to receive about 1,200 passengers daily during its peak period.

The Aviation Ministry says special measures have been put in place to receive the large number of passengers expected in the country

The Minister is also hopeful the installation of COVID-19 testing devices at the Kotoka International Airport will ease pressure on the facility.

“We have been doing this in adherence to these protocols including the disinfection of the Airport. Sticking with the protocols therefore, will not be new to us on the reopening of the Airport. It is safe to say that it is the increase in the number of passengers that could pose a challenge and that is why the Ghana Airport Company supported by the Ghana Port Health Authority has put in place the special measures,” he said

Despite revenue losses and subsequent job cuts in the aviation sector, Mr. Adda says the Ghana Airports Company managed to keep its staff.

“While we in the aviation sector, have played our part to support the government’s efforts in this regard, such as reducing royalties as well as landing charges of aircrafts coming into the country, we have also managed to keep our staff in their jobs due partly to our own efforts as well as the package put together to support our staff,” he said

 

Related Posts

Oil And Gas

The Geopolitical Forces Driving Today’s Oil Market

byBenjamin Aklama

The recent oil price rally has been driven, in large part, by Saudi Arabia's and Russia's efforts to cut supply...

Read more

IMF raises concerns over the energy transition price tag

Billion dollar opioid addiction market fuels Nigeria’s drug crisis

Govt defaults on paying pension contributions for public sector workers

Punitive domestic tariffs threaten African trade

Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

Prices of petroleum products to rise marginally in October – IES

Next Post

End of year inflation target likely to be missed - Economist predicts

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 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

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.