Two Airlines to begin domestic flights
Accra (Greater Accra) 02 November 2000
The main market index of the Accra bourse continued its downward slide on Wednesday as it was once again dominated by heavy pressure from offers.
The market index closed mid-week trading lower at 858.08 points as one of the highest capitalised equities, Produce Buying Company (PBC), lost 17 cedis. The All-Share Index closed on Monday at 863.84 points.
Offers and bids were higher but shares traded declined to 78,700 from 106,800 shares. A total of nine equities had their shares traded in as against last Monday's five equities.
Offers increased to 1.1 million from 1,017,780 and demand closed up at 166,300 compared to 114,000 registered on Monday. Market capitalisation dropped to 3,634.49 billion cedis from 3,645.25 billion cedis. In the broader market, there were three price changes - one up, two down.
British-American Tobacco (BAT) lost 38 cedis to close at 400 cedis and PCB traded lower at 503 cedis when it lost 17 cedis. The only gainer was Enterprise Insurance, which made five cedis at 2,360 cedis.
The following are the last prices of listed equities in cedis:
ABL 630
AGC 18,600
ALW 4,200
BAT 400 -38
CFAO 41
EIC 2,360 +5
FML 1,100
GBL 1,350
GCB 1,600
GGL 710
HFC 950
MGL 200
MLC 149
MOGL 18,600
PAF 270
PBC 503 -17
PZ 500
SCB 22,000
SPPC 250
SSB 2,200
UNIL 1,500
CMLT 425
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Two Airlines to
begin domestic flights
Accra (Greater Accra) 02 November
2000
The Ghana Civil Aviation Authority
(GCAA) on Wednesday licensed two private airlines, Sobel Airlines and C.P.K
Airlines, to begin domestic operations.
The airlines, joint ventures
between Ghanaians and foreigners, are to fill the vacuum created by the
suspension of air-link flights after the crash of one of its aircraft early
this year.
Wing Commander Andy Mensah,
Director General of the GCAA disclosed this to newsmen at the Kotoka
International Airport, after leading a three-member team on a site inspection
and assessment flight to the Wa airstrip and the Kumasi airport.
He said the Wa airstrip
rehabilitation project, involving the extension and resurfacing of the runway,
which began 18 months ago, has been completed.
The Director General said the
Ministry is negotiating with donor countries to finance the rehabilitation of
the domestic terminals at Kumasi and airstrips at Tamale, Bolga and Ho.
He said with tourism now the third
foreign exchange earner there is the need to put in place the necessary
infrastructure to sustain the growth of the industry.
Wing Commander Andy Mensah said 55
per cent of GCAA passengers are tourists, bringing in about half of the
Authority's revenue, adding that there is the need for such regular domestic
flights to all corners of the country.
He said tourist attractions abound
in the northern sector of the country and called for the rehabilitation of
airstrips at the north to attract tourists.
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