Government may initially invest in the new home-based carrier but will subsequently recoup that investment by off loading its shares to some of the many investors who have expressed interest in investing in the new entity.
Ministry of Aviation said a number of investors have expressed interest and the Ministry of Aviation is still speaking with some of the insurance companies and banks who have expressed interest.
What might happen is that government’s initial shareholding might go beyond 10%.
Director-General of the Ghana Civil Aviation Authority (GCAA), Simon Allotey said it will hold the shares for the potential Ghanaian investors because the Ministry cannot wait for all of them to come on-board before the airline starts.
He added that the decision is to start as early as possible, then with time, government will be offloading its shares to the Ghanaian investors.
He said initially, government would have to invest in terms of capital, and as the investors come on-board, government will recoup those investments.
