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Business News of Monday, 10 September 2018


Shares of new home-based carrier to be listed on Stock Exchange

The Aviation Minister has disclosed that about 10-15 percent government shares in the Nations home-based carrier may be listed n the stock exchange market upon establishment of the airline.

Kofi Ada's comments come as the Aviation ministry currently works to find a suitable partner to establish a new home-based carrier before the end of the end of the year.

Currently, a number of Airlines which include, Ethiopian Air, Air Mauritius, Indigenous Airline Africa World Air as well as Abu Dhabi have expressed interest in partnering government to establish the home-based carrier.

However, the Ministry says they a still accessing the proposals and yet to settle on the Investor for the partnership.

But addressing the media after a tour of the new Kotoka International Airport Terminal 3, the minister explained that once the Airline is set up there are plans of possibly listing governments shares of about 10-15 percent on the Stock Market.

This the minister believes will afford Ghanaians the opportunity to own a part of the National Asset.

He said, “we are looking at what is done in other parts of the world where government will own about 10 or 15 percent shares in the airline whilst the private investors take the majority share.

"But we are also considering to list the government shares on the stock market so Ghanaians can also own a part. Once that happens we will set up a board who will properly manage the shares.”

The new home based carrier will be the third National Airline following to other national carriers Ghana Airways and Ghana International which have both collapsed.