Alhaji Asoma Banda, a pioneering figure in Ghana’s shipping and aviation industries, has passed away. The business mogul, known for his transformative contributions to the nation’s economy, died in the early hours of Saturday, March 1, 2025. His passing has been met with an outpouring of tributes from business leaders, associates, and admirers across the country and beyond.
The news of his death was first announced on social media by Nigerian businessman and close associate Dele Momodu, who shared a heartfelt tribute to the late industrialist. Momodu, who had known Alhaji Banda and his family for decades, took to Instagram to honor his friend’s memory.
“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 line with Islamic tradition, Alhaji Banda is expected to be buried on the same day, as family, friends, and well-wishers gather to bid farewell to one of Ghana’s most influential business figures.
The passing of Alhaji Banda has left a significant void in Ghana’s corporate world. His name is synonymous with resilience, innovation, and the pursuit of excellence in business. Over the years, he built a reputation as a visionary entrepreneur, whose ventures in shipping and aviation reshaped Ghana’s economic landscape.
Among those who have paid tribute is prominent businessman Sir Sam Jonah, who described Alhaji Banda as a national treasure whose contributions to the economy cannot be overstated. Jonah praised his unwavering belief in the potential of African enterprise and his ability to see opportunities where others saw obstacles.
“This morning, Ghana has lost a true patriot, a visionary entrepreneur, and a giant of industry,” Jonah remarked.
He highlighted Alhaji Banda’s transformational impact on Ghana’s aviation sector, particularly through Antrak Airlines, which played a pivotal role in improving domestic air travel.
“From establishing Antrak Shipping Line to expanding airline operations across West Africa, he believed in the power of African enterprise. He saw potential where others saw decline, and his bid to take over Ghana Airways was a testament to his unwavering belief in Ghanaian ingenuity,” Jonah added.
Alhaji Banda’s career was marked by bold investments and strategic moves that sought to elevate Ghana’s position in global trade and transportation. As the founder of Antrak Group, he played a significant role in revolutionizing both the shipping and airline industries, ensuring Ghana remained competitive in regional commerce.
However, his journey was not without challenges. Like many visionary industrialists, Alhaji Banda encountered difficulties navigating the often complex relationship between business and politics. Jonah pointed out that this dynamic, which has affected several Ghanaian entrepreneurs, should serve as a lesson for the next generation of business leaders.
“Ghana has witnessed too often how business and politics can be an uneasy mix, a lesson that should serve as a cautionary tale to future entrepreneurs,” he noted.
Beyond his business acumen, Alhaji Banda was also recognized for his deep understanding of history and his willingness to mentor young entrepreneurs. He frequently shared insights about Ghana’s economic evolution, providing valuable lessons for those who sought to follow in his footsteps.
“He never concealed his humble beginnings. Instead, he wore them as a badge of honour—proof that determination, hard work, and vision can elevate one from modest origins to the heights of success,” Jonah reflected.
As tributes continue to pour in, many are urging Ghanaians to celebrate the legacy of Alhaji Banda rather than simply mourning his loss. His contributions to Ghana’s economic development, particularly his efforts to strengthen local enterprise, remain a source of inspiration.
“As we bid farewell to this extraordinary man, let us not only mourn his passing but celebrate his legacy. His resilience, vision, and unshakable belief in African enterprise will continue to inspire,” Jonah stated.
Alhaji Asoma Banda’s impact on Ghana’s economy is undeniable. Antrak Airlines, one of his most notable ventures, was a game-changer in domestic aviation, making air travel more accessible to Ghanaians and fostering greater connectivity within the country. His influence extended beyond aviation, as his ventures in shipping ensured Ghana remained a key player in regional trade.
The loss of such a towering figure marks the end of an era. However, his entrepreneurial spirit, industry leadership, and commitment to African business development will continue to shape the corporate landscape for years to come. Alhaji Banda’s story serves as a testament to what is possible with vision, perseverance, and an unwavering commitment to progress.
Even in death, his contributions will remain a guiding force for the next generation of Ghanaian and African entrepreneurs. His legacy is one of ambition, determination, and an unyielding belief in the potential of African enterprise. His passing is a significant moment in Ghana’s history, but the lessons he leaves behind will endure, inspiring future leaders to dream big and push boundaries in business and beyond.
