Ghana is currently making moves toward flying a new national airline by next year.
This comes after the failure of Ghana Airways and Ghana International Airlines, which were both liquidated in 2005 and 2010 respectively.
The Ministry of Transport is working to put in place a transaction advisor that would screen prospective investors that want to partner the state in establishing the airline.
Multinational accounting firm, PriceWaterhouseCoopers (PwC) is likely to get the nod to advise government in the investor selection process.
If selected, PriceWaterhouseCoopers will advise government on whether the country’s stake in the airline should be in the form of a management contract, equity investment or partner with a strategic investor.
Minister of Transport, Dzifa Ativor said PwC was the only company that showed interest and submitted a bid so she was hoping the World Bank approves the selection of PwC as transaction advisor.
Government is hoping to own about 10 percent stake in the new carrier while the strategic investor takes up the rest.
The proposed stake in the new airline is far lower than the 70 percent it had in Ghana International Airline.
The national airline will be run on a public-private-partnership basis, and the PwC is expected to advise government on the ownership structure, funding, business model and routes among others.
Analysts believe mismanagement, corruption, nepotism and cronyism as well as overly-liberal ticketing privileges for government officials and staff, were to blame for the failures of both national carriers.
Business World (with notes from myjoyonline)