There has been local press speculation about the continued operations of GIA, Ghana International Ailirnes, following the public airing of the Ghanaian Government's decision to withdraw subsidies and loan funding arrangements by the end of 2009.
Confirming government’s decision, Minister for Information, Zita Okaikoi, told the Times newspaper that “Cabinet after careful consideration of the report of the Transaction Advisers, Fidelity Bank, however decided to give the management of GIA adequate notice of its intention to withdraw the subsidies. " According to the Minister, Cabinet has also decided that the Ministry of Transport should develop a national aviation policy that will strongly emphasize the involvement of Ghanaians as part owners of future airlines that operates as Ghanaian companies. Mr Okaikoi said government has since November 2005, just a month after GIA started operations, pumped over $56 million to keep the airlines operational. (source: Ghana Times)
Confirming government’s decision, Minister for Information, Zita Okaikoi, told the Times newspaper that “Cabinet after careful consideration of the report of the Transaction Advisers, Fidelity Bank, however decided to give the management of GIA adequate notice of its intention to withdraw the subsidies. " According to the Minister, Cabinet has also decided that the Ministry of Transport should develop a national aviation policy that will strongly emphasize the involvement of Ghanaians as part owners of future airlines that operates as Ghanaian companies. Mr Okaikoi said government has since November 2005, just a month after GIA started operations, pumped over $56 million to keep the airlines operational. (source: Ghana Times)
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