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10.12.2002 Business & Finance

Several Proposals Received To Revamp Ghana Airways

By PeaceOnline
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The Ministry of Roads and Transport has received proposals from several institutions towards revamping the national airline, Ghana Airways to make it compete effectively with other airlines, both domestically and internationally.

The proposals are currently being studied for appropriate action and it is expected that when the various processes are completed, Ghana Airways would be resourced to compete effectively with other airlines. The sector Minister Dr Richard W. Anane said this in Parliament where he appeared to answer a number of questions concerning his Ministry from members. Mr Emmanuel Adjei Boye, NPP- Krowor asked the Minister what plans his Ministry has to assist Ghana Airways to acquire suitable and adequate aircrafts for its operations both internally and internationally to enable it compete effectively with other national airlines.

Dr Anane said since 2001 the Ministry has taken several remedial measures to resuscitate the Airline and these include a diagnostic study by Price WaterHouse Coopers and a forensic auditing by the Worldwide Investment. He said these measures are undertaken to guide the Government in the search for a lasting solution and finding prospective partners for the Airline in joint partnership. The Minister said the Airline is virtually bankrupt at the beginning of 2001 and the government recognising it, as a national asset has to put in place measures to save it to play its role in the socio-economic development of the country.

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