Ghana targets 5 million passengers yearly with new flagship airport
The project, funded by the African Development Bank (AfDB) with a $120-million facility, will improve air transport in the country. It is also expected to contribute towards boosting the country’s economy, reduce the cost of doing business, and improve competitiveness.
The project is scheduled to be ready in 270 days (April 2018).
The country’s aviation sector has emerged as a crucial driving force behind global socio-economic development and even more crucial for emerging economies in Africa.
Ghana’s aviation industry has witnessed a significant growth in the past decade due to the discovery of petroleum and gas reserves in the country, sustained domestic demand, and increase in the tourism sector.
Ghana has one international airport – Kotoka International Airport (KIA) – and four domestic airports.
Between 2007 and 2014, the number of carriers operation at the Kotoka International Airport, Ghana’s flagship airport, increased from 15 to 42.
In general, the capacity in Ghana’s airports cannot cater for the expected demand growth of air traffic, hence the need for significant investment in the country’s airport facilities. ■