The aviation industry has emerged as a crucial driving force behind global
socio-economic development and even more crucial for emerging economies in Africa.
It is for this reason that Ghana, through the Investment and Gateway Programme,
seeks to establish Kotoka International Airport (KIA) as a Hub to service the
sub-sahara region of African. The total development of the industry in the
country will also lead to increased economic activity at the Domestic Airports.
The challenge to achieving the above objective is the requirement of heavy capital
injection to develop the infrastructure necessary to expand capacity to meet the
increasing demand and to provide opportunity for public and private investors to
gain insight into the investment potential for a partnership with GACL to actualize
this development agenda.
There is currently a high demand for increase of flight frequencies by the thirty three (33) scheduled airlines servicing the airport. In addition to that, there
is a high demand by new airlines to initiate bilateral arrangements leading to
commencement of flight operations into Ghana. This can be attributed to the
commencement of oil production in Ghana and also due to the democratic and good
governance credentials of the country. The opportunity therefore to seek for financial assistance from private and
public sources to undertake projects that will ensure increased capacity to
accommodate the envisaged rise in flight operations cannot be overemphasized. An estimated total amount of USD 741 million is required for the development as summarised as follows:
No. |
Airport Development Project Location |
Est. USD (Million) |
1 |
Kotoka International Airport |
402.00 |
2 |
Kumasi |
173.20 |
3 |
Tamale |
64.00 |
4 |
Sunyani |
35.50 |
5 |
Takoradi |
63.50 |
6 |
Total |
741.20 |
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