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Ghanaian Business Legend Alhaji Asoma Banda Dies at 92

Ghanaian Business Icon Alhaji Asoma Banda Passes Away at 92

The renowned industrialist and businessman Alhaji Asoma Banda of Ghana died at the age of 92. An era for one of Ghana’s most powerful businessmen came to an end when he passed away early on Saturday, March 1, 2025.

Dele Momodu, a close associate and Nigerian businessman, confirmed the news with a moving Instagram tribute. Momodu appreciated his wife Baaba’s steadfast support throughout his last days and conveyed his admiration for Alhaji Banda.

“Such a privilege knowing this adorable couple, ALHAJI & EDWINA ASOMA-BANDA, in the last three decades… Today, the elephant has fallen… May ALLAH bless BAABA for keeping ALHAJI comfortable to the end. May ALLAH comfort the entire family, his wives, and children,” Momodu wrote.

In accordance with Islamic customs, Alhaji Banda is expected to be laid to rest the same day.

Tributes from Business and Political Leaders

Sir Sam Jonah, another esteemed Ghanaian business leader, paid tribute to Alhaji Banda, highlighting his visionary contributions to Ghana’s shipping and aviation sectors.

“This morning, Ghana has lost a true patriot, a visionary entrepreneur, and a giant of industry,” Jonah remarked.

He highlighted how Alhaji Banda revolutionized the economy, especially through Antrak Airlines, which was essential in boosting Ghana’s internal air travel.

Jonah also noted the challenges that come with merging business and politics in Ghana, stating, “We have seen how difficult it can be when entrepreneurship intersects with politics. Alhaji Banda’s journey serves as a lesson for future generations.”

In addition to his commercial savvy, Alhaji Banda was respected as a mentor and historian who freely shared his knowledge of Ghana’s economic progress and future prospects.

“He never shied away from his humble beginnings. Instead, he wore them as a badge of honor, showing that determination and hard work can lead to greatness,” Jonah added.

A Lasting Legacy in Ghana’s Economy

The entrepreneurial influence of Alhaji Asoma Banda is still very much present in Ghana’s economy. His efforts greatly aided in the expansion of businesses in West Africa, from founding Antrak Shipping Line to transforming air travel with Antrak Airlines.

Although a magnificent journey has come to an end with his departure, his legacy will continue to motivate upcoming generations of business owners and executives. He will always be recognized for his commitment to Ghana’s economic development and faith in African entrepreneurship.

The nation bids farewell to a business titan, but his vision, resilience, and contributions will endure as a beacon of inspiration for years to come.

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