Audio By Carbonatix
The Official Liquidator (OL) of Ghana Airways has since the commencement of liquidation received a total of 260 creditor claims amounting to US$209.0 million, excluding employee claims.
The total realization since commencement of the liquidation is US$17.3 million.
Mr Kwadwo Baah-Wiredu, Minister of Finance, who announced this on Thursday when presenting the 2008 Budget, said the Official Liquidator had concluded negotiations with a section of the ex-Ghana Airways staff and an amount of $2,000,000.00 is expected to be paid as down payment for their severance payment by the close of the year.
He said the Official Liquidator was expected to finalize creditor validations and also resolve matters in litigation to bring the liquidation to closure.
The OL will seek government's support to meet government commitment with regard to specific creditors, especially the staff of Ghana Airways, the Minister said.
On Ghana International Airlines Limited (GIAL), Mr Baah-Wiredu said, it would continue and complete its certification programme and also improve its network within the West Africa Sub-region.
The Ministry will also ensure the settlement of the ongoing litigation between Government and its partners. This is to allow the Ministry put in place credible management and invite private equity for a sustainable operation of the Airline.
Mr Baah-Wiredu said the Ministry of Aviation would develop an aviation sector specific policy and strategic plan to guide the direction of the sector in collaboration with the Ghana Civil Aviation Authority.
This will include the development of airstrips to cater for emergencies and also support tourism by the use of small aircraft to access remote areas.
The Ministry will also continue to review its bilateral agreements with African countries in line with the Yamoussoukro Decision (YD), which aims at liberalizing air traffic services in Africa.
In addition, the Ministry will monitor the rehabilitation of regional airports and other airfields in the country as well as the operations of domestic airlines with a view to extending services to other destinations within the sub-region and beyond.
Sources: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana’s problems solvable but not with square pegs in round holes
1 hour -
Gospel veteran Dr. Collins Nyantachie returns with soothing album ‘Obe Tumi Ay3’
2 hours -
Sissala West MP launches maiden teacher awards and scholarship scheme
2 hours -
Paramount chief appeals to gov’t to build new regional hospital in Jirapa
3 hours -
Jirapa MP donates bedsheets to St. Joseph Catholic Hospital amidst appeals to upgrade 70-year-old facility
3 hours -
Tamale Central MP: Better schooling key to bridging north-south divide
3 hours -
“An Incredible Ghanaian Enterprise”: Asantehene hails KGL Group at coronation ball
4 hours -
Mahama pledges 40 additional armoured vehicles to bolster police operations
4 hours -
One dead as gunmen attack passenger bus in bloody Walewale-Nasia highway ambush
5 hours -
[Video] Bawumia and Asiedu Nketia unite at SDA anniversary in Sunyani
5 hours -
IGP sounds alarm over police-to-citizen ratio as Lower Manya Krobo gets new HQ
6 hours -
Bringing back ‘By The Fireside’: Ohio University’s Emmanuel Mensah calls for digital entertainment education revival
6 hours -
Chief of Staff announces Presidential Delivery Unit to track government commitments
7 hours -
Barcelona move to within two points of La Liga title with Osasuna win
7 hours -
World Relays: We can’t afford to miss out again” — Amenakpor rallies Ghana after relay setback
8 hours