Ghana's Cabinet greenlights new national carrier project

The Ghanaian Cabinet has granted policy approval for the establishment of a new flag carrier with strategic partner participation, President Nana Akufo-Addo announced. Delivering his State of the Nation address on March 9, 2021, Akufo-Addo made a brief mention in this regard, but gave no further details, except to say that his parliament would be “duly informed on developments in this area”. Last year, the government announced an MOU with EgyptAir over the establishment of a new national airline. EgyptAir confirmed it had agreed to invest an initial US$100m in Ghana’s new national carrier and to initially supply four unspecified aircraft - presumably narrowbodies. The North African carrier had reportedly angled for a 70% stake in the start-up. Ghana has not had a flag carrier since May 2010, when Ghana International Airlines collapsed after the government’s withdrawal of funding. <br/>