Chief Executive Officers (CEO’s) of eight (8) State Owned Enterprises and state programs will on Monday December 10, 2018 outline details of a turn around in their operations over the last 23 months of the Akufo-Addo administration.
They include the:
Accra Digital Centre,
Ghana National Petroleum Corporation (GNPC),
Ghana Free Zones Authority (GFZA),
State Housing Company,
Food and Drugs Authority,
National Entrepreneurship and Innovation Plan,
Microfinance and Small Loans Centre (MASLOC),
Inter-ministerial Committee on Illegal Mining.
The Theme for this year’s final NPS is “Improving Performance in State Owned Enterprises”
It will be recalled that at the beginning of the administration’s work, major challenges were announced in some SOEs as well as in some sectors of our national economy. The work of the boards, CEOs and staff of these enterprises has culminated in a turnaround in a significant number of SOEs and sectors.
All through Monday in Takoradi at the 5th National Policy Summit, the CEOs of these enterprises and programs will be giving detailed outline of how they have worked to turn these sectors around, the tangible results of their work so far and the significance of these gains to the national economic renaissance.
GFZB for example has recorded over a billion dollars in exports so far, Accra Digital Centre For example has deployed a mechanism that has created over 1000 jobs in their sector alone and State Housing Company 250
The CEOs will subject their works to scrutiny under the auspices of the State Enterprises Commission and it is our expectation that their stories will challenge others to achieve similar success while offering stakeholders an opportunity to engage and give feedback.
The government of Ghana will own 10 per cent of the national carrier due to begin operations next year.
Ethiopian Airlines (ET), which is partnering Ghana to revive the country’s dream will also hold 49 per cent and the remaining 41 per cent stake made available to other Ghanaian investors.
The Aviation Minister, Joseph Kofi Adda, who disclosed this on Thursday in Accra, stated that a meeting would be staged next week for Ghanaian investors to bid for the 41 percent left.
Goil, Teachers Fund, GLICO, and Africa World Airlines (AWA) are some indigenous companies who have expressed interest in investing in the proposed home-based carrier.
A final agreement is expected to be signed before Christmas. The airline is also expected to start flying early next year.
This is why Ghana needs a national airline
In Africa, air transport supports 6.8 million jobs and $72.5 billion dollars of the continents GDP annually. Statistics have shown that Airline Business in Africa is booming as more countries are striving to take delivering for their own national air carriers.
Already some African countries are making huge gains from having National Airlines.
In 2014 Zambia made over 14 million dollars from rose exportation, Ethiopia, exported over 154 million dollars in 2014 while Kenya’s went up to the tune 326 million dollars the same year.
These three countries provided more jobs in the Aviation sector than the mining industry translating into $225m in 2016 $820m in 2017.
In 2017, total international passengers through both arrival and departure was 1.8 million mostly, from Europe, North America and Asia.
Related Acticle: West Africa Is Increasingly Lucrative For Airlines, But Lacks A Hub
Key international and regional airlines operating as of now through Accra include Air France, Emirates, British Airways, Turkish Airlines, Brussels, Delta, Ethiopian, South African Airways, Air Namibia African World Airlines among others.
Several Africa countries, including Ethiopia, Zambia, Togo and Kenya are raking in on their aviation sectors making huge contributions to their economies therefore Ghana must not be left out.