FLASHBACK: Here’s why Ghana Airways did not live up to expectation and collapsed in 2004 [Video]

The collapse of Ghana Airways was attributed to its compounding debt, which was pegged at $160 million. Additionally, it was fraught with both management and operational challenges.

Read the full story originally published on May 9, 2023 by www.ghaaweb.com.

In 1958, Ghana Airways burst unto the scene to serve as the national carrier of Ghana. The airliner was a joint venture between the government of Ghana, who held a 60 percent stake, and the British Overseas Aircraft Corporation (BOAC), holding the rest of the 40 percent.

It operated from its primary hub at the Kotoka International Airport.

According to simpleflying.com, Ghana Airways was under a seven-year agreement with BOAC staff first operating the airline, while some Ghanaian personnel were sent to London for training.

Through the years, Ghana Airways flew …