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Ebola II African Airlines.Pdf
SENIOR ADVISORY TEAM: FRONTIER MARKETS SPECIALISTS Lord Paul Boateng Fmr. UK Chief Secretary to the Treasury OCTOBER 1, 2014 & High Commissioner to South Africa (*International Legal Counsel to DaMina Advisors LLP) DaMina Advisors Note: Africa’s struggling airlines face possible insolvencies if the Dr. Babacar Ndiaye US and EU enact strict travel restrictions to Ebola affected West African nations. Fmr. President of the African Development Bank Africa’s financially struggling airline industry which supports over 7 million jobs and contributes Dr. Ablasse Ouedraogo $80bn in GDP may witness several financial insolvencies if the US and EU impose strict travel Fmr. Foreign Minister of Burkina Faso restrictions to West Africa. With the first US confirmed case of Ebola diagnosed in Texas, and H.E. Kabine Komara growing public pressure on the Obama administration to restrict US airline travel to West Fmr. Guinean Prime Minister Africa, the financial viability of a number of already struggling domestic African airline carriers Hon. Victor Kasongo Shomary may be under threat. The financial viability of several domestic African airlines such as: Asky Fmr. DRCongo Deputy Minister of Mines Airlines (Togo), Senegal Airlines (Senegal), CAA (DR Congo), Camair-co (Cameroon), Afric H.E. Isaiah Chabala Fmr. Zambia Ambassador to EU & UN Aviation, Rwandair, Starbow (Ghana), Equajet (Congo, Brazzaville), Air Cote d’Ivoire, Mauritanie Dr. Ousmane Sylla Airlines (Mauritanie), DanaAir (Nigeria), Medview Air (Nigeria), First Nation Air (Nigeria), SN2AG Fmr. Guinean Minister of Mines (Gabon), Africa World Air (Ghana), CEIBA Intercontinental (Equatorial. Guinea), Discovery Air H.E. Mamadouba Max Bangoura (Nigeria), and Overland (Nigeria) among others could be imperiled if air transportations services Fmr. -
2016 Annual Aggregate Report
2016 REPUBLIC OF GHANA MINISTRY OF FINANCE, GHANA SOE ANNUAL AGGREGATE REPORT Table of Contents ACRONYMS ..................................................................................................................................................................................................... 2 ACKNOWLEDGEMENT ..................................................................................................................................................................................... 3 FOREWORD ..................................................................................................................................................................................................... 4 STATEMENT FROM EXECUTIVE CHAIRMAN, STATE ENTERPRISES COMMISSION (SEC) .................................................................................. 5 EXECUTIVE SUMMARY .................................................................................................................................................................................... 6 1 INTRODUCTION ...................................................................................................................................................................................... 7 2 OVERVIEW OF THE SOE SECTOR ............................................................................................................................................................ 8 3 CONTRIBUTION OF THE SOE SECTOR .................................................................................................................................................... -
Guin April 28, 2017
April 28, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review GSE-CI Extends Gains: The equities market ended the week in the positive Current Previous % Change territory anchored on price gains in 8 counters. The Ghana Stock Exchange’s Databank Stock Index 24,800.75 24,672.90 0.52 Composite Index (GSE-CI) gained 10.37 points w/w to ~1,896 points, while GSE-CI Level 1,896.13 1,885.76 0.55 the Databank Stock Index surged by 128 points w/w to ~24,800 points. The Market Cap (GH¢ m) 58,822.68 48,778.78 20.59 year to date returns of the GSE-CI and the Databank Stock Index stand at YTD Return DSI 11.05% 10.48% 12.26% and 11.05% respectively. YTD Return GSE-CI 12.26% 11.64% Weekly Volume Traded (Shares) 2,142,471 1,812,263 18.22 A block trade in Ecobank Transnational Inc. propelled the volume of shares Weekly Turnover (GH¢) 2,785,677 1,639,744 69.88 traded by ~17% w/w to ~2.1 million shares. These trades, which occurred Avg. Weekly Volume Traded (Shares) 1,059,295 1,049,043 0.98 across 22 counters, were valued at ~GH¢2.7 million. Avg. Weekly Value Traded (GH¢) 1,473,386 1,460,057 0.91 The market breadth of the Ghana Stock Exchange was positive w/w: 8 No. of Counters Traded 22 21 gainers to 3 laggards. Unilever Ghana increased by 15Gp to GH¢9.05. Access No. of Gainers 8 6 Bank Ghana moved up 10Gp to GH¢4.00. -
PRESS RELEASE PR. No 034/2019 GHANA OIL COMPANY LIMITED (GOIL) ANNUAL REPORT and CONSOLIDATED FINANCIAL STATEMENT for the YEAR
PRESS RELEASE PR. No 034/2019 GHANA OIL COMPANY LIMITED (GOIL) ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018 GOIL has released its Annual Report and Consolidated Financial Statements for the year ended December 31, 2018 as per the attached. Issued in Accra, this 9th day of April, 2019 - E N D – att’d. Distribution: 1. All LDMs 2. General Public 3. Company Secretary, GOIL 4. MBG Registrars, (Registrars for GOIL shares) 5. Custodians 6. Central Securities Depository 7. Securities and Exchange Commission 8. GSE Council Members 9. GSE Notice Board For enquiries, contact: Head Listing, GSE on 0302 669908, 669914, 669935 *GA GHANA OIL COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2018 GHANA OIL COMPANY LIMITED ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 CONTENTS PAGE COMPANY INFORMATION 1 REPORT OF THE DIRECTORS 2 - 3 REPORT OF THE AUDITOR 4 - 7 STATEMENT OF COMPREHENSIVE INCOME 8 STATEMENT OF FINANCIAL POSITION 9 STATEMENT OF CHANGES IN EQUITY 10 STATEMENT OF CASH FLOWS 11 GENERAL INFORMATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 12 - 26 OTHER NOTES TO THE FINANCIAL STATEMENTS 27 - 40 GHANA OIL COMPANY LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2018 BOARD OF DIRECTORS: Hon. Peter Kwamena Bartels - Chairman Mr. Patrick Akpe K. Akorli - Group CEO/MD Mr. Thomas Kofi Manu - Member Hon. Kwame Osei-Prempeh - Member Mr. Beauclerc Ato Williams - Member Mrs. Beatrix Agyeman Prempeh - Member Mr. Robert Owusu Amankwah - Member Mrs. Rhoderline Baafour-Gyimah - Member Mr. Stephen Abu Tengan - Member SECRETARY: Nana Ama Kusi-Appouh AUDITOR: PKF Chartered Accountants Farrar Avenue P.O. -
Report Afraa 2016
AAFRA_PrintAds_4_210x297mm_4C_marks.pdf 1 11/8/16 5:59 PM www.afraa.org Revenue Optimizer Optimizing Revenue Management Opportunities C M Y CM MY CY CMY K Learn how your airline can be empowered by Sabre Revenue Optimizer to optimize all LINES A ® IR SSO A MPAGNIE S AER CO IEN C N ES N I A D ES A N A T C IO F revenue streams, maximize market share I T R I I O R IA C C A I N F O N S E S A S A ANNUAL and improve analyst productivity. REPORT AFRAA 2016 www.sabreairlinesolutions.com/AFRAA_TRO ©2016 Sabre GLBL Inc. All rights reserved. 11/16 AAFRA_PrintAds_4_210x297mm_4C_marks.pdf 2 11/8/16 5:59 PM How can airlines unify their operations AFRAA Members AFRAA Partners and improve performance? American General Supplies, Inc. Simplify Integrate Go Mobile C Equatorial Congo Airlines LINKHAM M SERVICES PREMIUM SOLUTIONS TO THE TRAVEL, CARD & FINANCIAL SERVICE INDUSTRIES Y CM MY CY CMY K Media Partners www.sabreairlinesolutions.com/AFRAA_ConnectedAirline CABO VERDE AIRLINES A pleasurable way of flying. ©2016 Sabre GLBL Inc. All rights reserved. 11/16 LINES AS AIR SO N C A IA C T I I R O F N A AFRICAN AIRLINES ASSOCIATION ASSOCIATION DES COMPAGNIES AÉRIENNES AFRICAINES AFRAA AFRAA Executive Committee (EXC) Members 2016 AIR ZIMBABWE (UM) KENYA AIRWAYS (KQ) PRESIDENT OF AFRAA CHAIRMAN OF THE EXECUTIVE COMMITTEE Captain Ripton Muzenda Mr. Mbuvi Ngunze Chief Executive Officer Group Managing Director and Chief Executive Officer Air Zimbabwe Kenya Airways AIR BURKINA (2J) EGYPTAIR (MS) ETHIOPIAN AIRLINES (ET) Mr. -
Challenges and Opportunities Underlining Africa's Aviation
© 2020 INDIRE Challenges and Opportunities Underlining Africa’s Aviation Land- scape: A Multiple Lenses Analysis * Samunderu, Eyden – International School of Management (ISM) Dortmund, Germany | ey- [email protected] Njoroge, Simon Peter – Nairobi, Kenya | [email protected] Aim/Purpose This study sought to apply the Structure Conduct Performance paradigm to Africa’s air transport landscape in general. To do that it examines the past, pre- sent and future expectations of four of Sub-Saharan Africa’s biggest aviation economies namely South Africa, Kenya, Ethiopia and Nigeria. Secondary data containing historical passenger traffic was analysed and predictions for growth in the next ten years proposed. Background There is consensus that overall the future of aviation in Africa has significant economic potential with significant other challenges needing to be overcome. The existence of a large land mass that requires connecting with itself, a grow- ing population and specifically a growing middle class with an appetite for air travel, an extensive extractives sector and a growing tourism sector can provide the necessary demand conditions. In support of this, regional economic com- munities have led the way in implementation of Yamoussoukro Declaration (YD). This is especially so in West Africa through the West African Economic and Monetary Union (WAEMU) and the Banjul Accord Group (BAG), which have facilitated the development of the most, liberalized air transport market in Afri- ca. At a higher level, the full implementation of YD requires that states disen- gage from the industry, liberalise access and facilitate the increased participation of the private sector. Some of the challenges that need to be actioned include high user charges and taxes, under-capitalization of African airlines and insuffi- cient management experience, which have contributed significantly to the low profitability of African airlines. -
AFRAA Annual Report 2019
IRLINES ASS A PAGNIES O OM AERI C 20N S C EN 19 E N I A D ES A N A T C IO F I T R I I O R IA C C A I N F O N S E S A S A ANNUAL AFRAA REPORT Amadeus Airline Platform Bringing SIMPLICITY to airlines You can follow us on: AmadeusITGroup amadeus.com/airlineplatform AFRAA Executive Committee (EXC) Members 2019 AIR MAURITIUS (MK) RWANDAIR (WB) PRESIDENT OF AFRAA CHAIRPERSON OF THE EXECUTIVE COMMITTEE Mr. Somas Appavou Ms. Yvonne Makolo Chief Executive Officer Chief Executive Officer CONGO AIRWAYS (8Z) KENYA AIRWAYS (KQ) CAMAIR-CO (QC) Mr. Desire Balazire Esono Mr. Sebastian Mikosz Mr. Louis Roger Njipendi Kouotou 1st Vice Chairman of the EXC 2nd Vice Chairman of the EXC Chief Executive Officer Chief Executive Officer Chief Executive Officer ROYAL AIR MAROC (AT) EGYPTAIR (MS) TUNISAIR (TU) Mr. Abdelhamid Addou Capt. Ahmed Adel Mr. Ilyes Mnakbi Chief Executive Officer Chairman & Chief Executive Officer Chief Executive Officer ETHIOPIAN AIRLINES (ET) AIR ZIMBABWE (UM) AIR NAMIBIA (SW) MAURITANIA AIRLINES (L6) Mr. Tewolde GebreMariam Mr. Joseph Makonise Mr. Xavier Masule Mrs. Amal Mint Maoulod Chief Executive Officer Chief Executive Officer Chief Executive Officer Chief Executive Officer ANNUAL REPORT 2019 I Foreword raffic growth in Africa has been consistently increasing since 2011. The demand for air passenger services remained strong in 2018 with a 6.9% year Ton year growth. Those good results were supported by the good global economic environment particularly in the first half of the year. Unlike passenger traffic, air freight demand recorded a very weak performance in 2018 compared to 2017. -
Good Energy Contents Contents
ANNUAL REPORT AND 2014 FINANCIAL STATEMENTS Good energy contents contents 02 Company Information 03 Notice of 46th Annual General Meeting 04 Resolutions to be passed at the Annual General Meeting 05 Profile of New Directors to be Elected 06 Board of Directors 07 Address by Chairman 10 Management Team 11 Report of the Directors on The Financial Statements 13 Corporate Governance 14 Disclosure Requirements 16 Independent Auditor's Report 18 Statement of Comprehensive Income 19 Statement of Financial Position 20 Statement of Changes in Equity 21 Statement of Cash Flow 22 Notes to The Financial Statements 43 Proxy Form GOIL Annual Report & Financial Statements 2014 Company Information Notice of 46th Annual General Meeting BOARD OF DIRECTORS Prof. William A. Asomaning – Chairman NOTICE IS HEREBY GIVEN that the 46th Annual General Meeting of the Shareholders of Ghana Oil Mr. Patrick Akpe Kwame Akorli – Managing Director Company Limited will be held at the Auditorium, College of Physicians and Surgeons, Ridge, Accra on Hon. Nii Laryea Afotey-Agbo – Member Thursday, 30th April, 2015 at 11:00 am for the transaction of the following business: Nana Esuman Kwesi Yankah – Member Mr. Eugene Akoto-Bamfo – Member Mr. Chris A-Ackummey – Member AGENDA Mad. Faustina Nelson – Member Mr. Thomas Kofi Manu – Member ORDINARY BUSINESS Hon. Kojo Bonsu – Member 1. To receive and consider the reports of the Directors and the Auditors and the Financial Statements of the Company for the year ended December 31, 2014. 2. To declare a dividend for the year ended December 31, 2014. SECRETARY Mr. Stephen Y. Gyaben 3. To elect Directors to replace retiring Directors. -
Has Gse Played Its Role in the Economic Development of Ghana?
CAPITAL MARKET 23 YEARS AND COUNTING: HAS GSE PLAYED ITS ROLE IN THE ECONOMIC DEVELOPMENT OF GHANA? 1st CAPITAL MARKET CONFERENCE BY EKOW AFEDZIE, DEPUTY MANAGING DIRECTOR MAY 10, 2013 INTRODUCTION Ghana Stock Exchange (GSE) was established with a Vision: -To be a relevant, significant, effective and efficient instrument in mobilizing and allocating long-term capital for Ghana’s economic development and growth. INTRODUCTION OBJECTIVES - To facilitate the Mobilization of long term capital by Corporate Bodies/Business and Government through the issuance of securities (shares, bonds, etc). - To provide a Platform for the trading of issued securities. MEMBERSHIP OF GHANA STOCK EXCHANGE GSE as a public company limited by Guarantee has No OWNERS OR SHAREHOLDERS. GSE has Members who are either corporate or individuals. There are two categories of members:- - Licensed Dealing Members - 20 - Associate Members - 34 HISTORICAL BACKGROUND 1968 - Pearl report by Commonwealth Development Finance Co. Ltd. recommended the establishment of a Stock Exchange in Ghana within two years and suggested ways of achieving it. 1970 – 1989 - Various committees established by different governments to explore ways of bringing into being a Stock Exchange in the country. HISTORICAL BACKGROUND 1971 - The Stock Exchange Act was enacted. - The Accra Stock Exchange Company incorporated but never operated. Feb, 1989 - PNDC government set up a 10-member National Committee on the establishment of Stock Exchange under the chairmanship of Dr. G.K. Agama, the then Governor of the Bank of Ghana. HISTORICAL BACKGROUND July, 1989 - Ghana Stock Exchange was incorporated as a private company limited by guarantee under the Companies Code, 1963. HISTORICAL BACKGROUND Nov. -
2012-Edition-GC100-Directory.Pdf
2012 2012 DIRECTORY DIRECTORY NAME OF COMPANY BUSINESS CATEGORY LOCATION ADDRESS TELEPHONE FAX/E-MAIL/WEBSITE CONTACT PERSON TITLE 7 Dr. Amilcar Cabral Road, Accra (233-302) 770189/90/91 “(233-302) 770187 1 Abosso GoldFields Limited Mining Institution Airport Residential Area P. O. Box KA 30742 www.goldfields.co.za” Alfred Baku Managing Director Accra Banking Services [email protected] Head, Corporate 2 Acces Bank (Ghana) (Commercial & Merchant) “Starlets ‘91 Road “P. O. Box GP 353 Osu- Accra” (233-302) 684860 / 742699 www.accessbankplc.com/gh Matilda Asante-Aseidu Communications (233-302) 2688960 3 Accra Brewery Manufacturing - Beverages Opp. Ohene Djan Staduim” P. O. Box GP351 (233-302) 688851-6 [email protected] Gregory Metcalf Managing Director www.sabmiller.com (233-302) 685176 4 Activa International Insurance Company Non-Banking-Insurance Graphic Road, Adabraka PMB KA 85 (233-32) 686352 / 672145 [email protected] Limited www.group-activa.com “P. O. Box 35 Banking Service-Rural & 3rd Floor Heritage Tower, 6th Ave. West (233-322) 420926 / 90099 Lucy Opoku-Arthur Ag General Manager 5 Adansi Rural Bank Limited Community Banking Ridge, Accra Fomena-Adansi” Banking Services-Rural & 6 Adonten Community Bank Limited Community Banking Head Office: Fomena - Adansi P.O.Box 140 3420-24109/027-895636/027-7609343 3420-26780 [email protected] Mr.Francis Mensah Senior Manager Banking Services-Rural & 7 Ahantaman Rural Bank Limited Community Banking New Tafo, Akyem, Eastern Region P. O. Box 41, Ahanta (233-312) 23431 / 21016 (233-312)29116 David Bampoe General Manager Banking Services-Rural & 8 Amanano Rural Bank Limited Community Banking Agona Ahanta,Western Region P. -
Aero Surveys Ltd (Starbow) Manufacturer : Avions De Transport Regional
CONFIDENTIAL Final Report IKM104/9G-SBF/DGAA/25-11-17 SYNOPSIS OPERATOR : AERO SURVEYS LTD (STARBOW) MANUFACTURER : AVIONS DE TRANSPORT REGIONAL (ATR) MODEL : ATR 72 - 212A NATIONALITY OF ACTUAL OWNER : IRELAND NATIONALITY OF REGISTERED OWNER: GHANA REGISTRATION MARK : 9G – SBF PLACE OF ACCIDENT : KOTOKA INTERNATIONAL AIRPORT ACCRA, GHANA (DGAA) DATE OF ACCIDENT : 25 NOVEMBER 2017 AT 1220 HRS GMT Notifications A preliminary investigation team from GCAA conducted investigations on the same day at the accident site after the accident to examine, inspect and collect data and documentation from the aircraft to later enhance investigation. Notification of the accident was dispatched on 26 November 2017 by Ghana Civil Aviation Authority to the following agencies in accordance with the requirements of Annex 13: a. Ministry of Aviation – Ghana b. Aviation Civile – France c. Transportation Safety Board – Canada d. Pratt and Whitney – Canada e. Aircraft Manufacturer – ATR f. The Accident Investigation Bureau – ICAO g. BEA – Bureau d’Enquetes et d’Analyses – France CONFIDENTIAL 1 CONFIDENTIAL Final Report IKM104/9G-SBF/DGAA/25-11-17 Investigative Authority The Ministry of Aviation pursuant to sub-section 13.6 of the Ghana Civil Aviation Amendment Act, 2016 (Act 906) constituted a five-member committee to investigate the accident. An invitation was extended to other stakeholders as per ICAO Annex 13. The members of the investigation committee are as follows: Air Commodore Nana Krakue (Rtd) Chairman Wing Commander Emmanuel Akatue (Rtd) Safety Consultant Group Captain Godfried Sackey Parker Pilot Squadron Leader Christopher Gaddah Pilot/ Safety Officer Mr Edward Agbodjan Ministry of Aviation Terms of Reference for Investigation Committee: 1. -
An Analysis of African Airlines Efficiency with Two-Stage TOPSIS
Journal of Air Transport Management 44-45 (2015) 90e102 Contents lists available at ScienceDirect Journal of Air Transport Management journal homepage: www.elsevier.com/locate/jairtraman An analysis of African airlines efficiency with two-stage TOPSIS and neural networks * Carlos Pestana Barros a, Peter Wanke b, a Instituto Superior de Economia e Gestao,~ University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal b COPPEAD Graduate Business School, Federal University of Rio de Janeiro, Rua Paschoal Lemme, 355, 21949-900 Rio de Janeiro, Brazil article info abstract Article history: This paper presents an efficiency assessment of African airlines, using the TOPSIS e Technique for Order Received 8 August 2014 Preference by Similarity to the Ideal Solution. TOPSIS is a multi-criteria decision making technique, which Received in revised form similar to DEA (Data Envelopment Analysis), ranks a finite set of units based on the minimisation of 27 February 2015 distance from an ideal point, and the maximisation of distance from an anti-ideal point. In this research, Accepted 5 March 2015 TOPSIS is used first in a two-stage approach, in order to assess the relative efficiency of African airlines Available online 16 March 2015 using the most frequent indicators adopted by the literature on airlines. During the second stage, neural networks are combined with TOPSIS results, as part of an attempt to produce a model for airline per- Keywords: e Airlines formance which has effective predictive ability. The results reveal that network size-related variables fi Africa economies of scope, are the most important variables for explaining levels of ef ciency in the African TOPSIS airline industry, although the impact of fleet mix and public ownership cannot be neglected.