Kotoka International Airport likely to be privatised by aviation ministry

Kotoka International Airport likely to be privatised by aviation ministry

- The aviation ministry is in the process of privatising the operations of the Kotoka International Airport

- This comes after a company, Tav Airport Holding Company Limited, presented a proposal to cabinet on the proposed business transaction

Information available to YEN.com.gh suggests that the ministry of aviation may soon privatise the Kotoka International Airport.

The decision of the aviation ministry to cede the management of the Kotoka International Airport to a private company was contained in a draft memo to cabinet.

A private company, Tav Airport Holding Company Limited, is being considered for a terminal management contract or a concession agreement for the airport, which handles an average of 4,706 passengers daily.

A man wearing a smock over a shirt

Kofi Adda, aviation minister Source: Adomonline.com
Source: UGC

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The aviation ministry received a proposal from the company “to help bring about the physical development of the airport enclave.”

Under the proposed terminal management contract, terminals within the airport will be managed by the airlines, while the ownership of the airport and its operations remain the responsibility of the state.

Per a Citinewsroom report, the proposal urged cabinet to consider and convey policy approval for the Ministry of Aviation to facilitate the engagement of Tav Airports Holding Company Limited as a strategic partner for the management of Kotoka International Airport.

The proposal cites New Zealand as an example where the private sector was involved in airport management to release the government of the heavy fiscal load and also to increase the airport industry contribution to the economy by being more efficient.

The ministry argued, “the participation of the private sector will bring about the needed equity investment for the transformation of the sector thereby making the KIA achieve competitive status within the West African sub-region and the continent as a whole.”

It also said such a move would be to provide “the needed financial strength for infrastructure and technological investment in the sector.”

Ghana Airports Company Limited is the current manager of the airport and it was established because of the decoupling of the existing Ghana Civil Aviation Authority (GCAA).

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Source: Yen.com.gh

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