{"id":79196,"date":"2015-01-04T12:00:38","date_gmt":"2015-01-04T12:00:38","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=79196"},"modified":"2015-01-04T12:16:52","modified_gmt":"2015-01-04T12:16:52","slug":"fix-economy-acquiring-national-airline-imani-boss","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/01\/fix-economy-acquiring-national-airline-imani-boss\/","title":{"rendered":"Fix the economy before acquiring a national airline – IMANI Boss"},"content":{"rendered":"
The President of IMANI Ghana, Franklin Cudjoe has advised government to abort its decision to invest in a national airline until the economy is sound.<\/p>\n
[contextly_sidebar id=”tX1tzD1REPsRKvBpkvRhoRRQ4YL3FR4m”]He was of the view that the current state of the Ghanaian economy indicates that even if a national airline were a prudent investment, \u201cnow is not the time.\u201d<\/p>\n
Mr. Cudjoe argued that for a nation which is in talks with the International Monetary Fund (IMF) for an economic bailout to consider reviving its national airline following two failed attempts \u201cpoints to a lack of priority.\u201d<\/p>\n
He thus suggested that the economy \u201cmust be put right before talks concerning a new national airline are initiated.\u201d<\/p>\n
Government has begun processes to acquire a national airline through a Public Private Partnership (PPP).<\/p>\n
Despite the strong reservations being expressed by sections of the public and some industry players, the government has defended its decision to invest in a national airline.<\/strong><\/span><\/a><\/p>\n The Deputy Minister of Transport, Joyce Bawa Mogtari in an earlier interview with Citi News<\/strong> explained that \u201cthis route is a very, very viable one , for now we have 41 national carriers plying this route, why can we not put our national carrier back in the sky to compete with the existing businesses?\u201d<\/p>\n This will be nation’s third attempt at establishing a national airline since the previous two collapsed due to mismanagement, inefficiency and huge debts.<\/p>\n In a post on his Facebook page on Sunday, the IMANI boss pointed out that a number of national carriers such as Swiss air and Olympia air have all folded up due to the stiff competition with private airlines, therefore, it will be unwise for Ghana to venture into the business.<\/p>\n