{"id":608349,"date":"2019-04-17T21:35:56","date_gmt":"2019-04-17T21:35:56","guid":{"rendered":"<br><div>\n<p class=\"floatLeft\">Business News of Wednesday, 17 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>goldstreetbusiness.com<\/p>\n2019-04-17\n\n<div class=\"article-left\">\n<p class=\"article-image\"><img src=\"https:\/\/cdn.ghana-mma.com\/2019"},"modified":"2019-04-17T21:35:56","modified_gmt":"2019-04-17T21:35:56","slug":"after-5-years-of-non-payment-of-dividend-ghana-airport-company-needs-shake-up-adda","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/04\/17\/after-5-years-of-non-payment-of-dividend-ghana-airport-company-needs-shake-up-adda\/","title":{"rendered":"After 5-years of non-payment of dividend, Ghana Airport Company needs shake-up \u2013 Adda"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">Business News of Wednesday, 17 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>goldstreetbusiness.com<\/p>\n<p>2019-04-17<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanamma.com\/2019\/04\/18664040.295.jpg\" alt=\"Kofi Adda Soe43\" title=\"Kofi Adda Soe43\" width=\"295\" height=\"226\" \/><span class=\"image_caption\"><span>Minister for Aviation, Joseph Kofi Adda<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\">In the heat of claims that the Kotoka International Airport (KIA) is to be given to a private foreign entity to operate, Ghana\u2019s Minister for Aviation, Kofi Adda while claiming on one hand that he is unaware of any such plan has on the other hand made the case that given the airport company has not paid dividend to the state in the last five years, he is open to an arrangement which can enhance the airport\u2019s value enabling it pay dividend.<\/p>\n<p>At the 3rd Aviation Ghana Breakfast Meeting in Accra bringing together aviation industry stakeholders, Hon. Adda submitted:<\/p>\n<p>\u201cI haven\u2019t seen anything credible on that. I\u2019d like to get something credible from whoever is putting this out and they have to explain to me what they mean by privatisation or selling. I don\u2019t know where it\u2019s come from; I don\u2019t know who is out there. I have even heard that it\u2019s been said that they are selling Ghana Airport, I don\u2019t know who you\u2019re going to sell it to, who\u2019s going to buy, for how much, I\u2019m surprised at them.\u201d<\/p>\n<p>He assured government would do the needful to make the Airports Company which runs KIA a viable business outfit that contributes to the development of the country in terms of revenue mobilisation and payments of appropriate dividends.<\/p>\n<p>Reports that a cabinet memo had leaked showing TAV Airport Holding Company Limited being pinned down by the government to run the \u201cday-to-day operations, including facility maintenance and fees collection,\u201d gained extensive circulation online especially when the memo is alleged to be prepared by the Aviation Minister for Cabinet\u2019s consideration.<\/p>\n<p>Among others, the Concession Agreement clause holds: \u201cAs payment for their services, the concessionaires receive a percentage of the gross revenues from the operation of the airport but are required to pay the airport owner the greater of this percentage amount or a minimum annual guaranteed amount.\u201d<\/p>\n<p>Terminals at the Kotoka International Airport will also be managed by airlines or other airport managers should the plan see the light of day.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 17 April 2019 Source: goldstreetbusiness.com 2019-04-17 Minister for Aviation, Joseph Kofi Adda In the heat of claims that the Kotoka International Airport (KIA) is to be given to a private foreign entity to operate, Ghana\u2019s Minister for Aviation, Kofi Adda while claiming on one hand that he is unaware of any [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":607678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-608349","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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