Ghanaian Business Icon Alhaji Asoma Banda Passes Away at 92
Ghana has lost one of its most distinguished business figures, Alhaji Asoma Banda, who passed away at the age of 92. His death was confirmed on March 1, 2025, by Nigerian publisher Dele Momodu, who paid tribute to the late magnate on social media. Born in June 1933 in Kintampo, Bono East Region, Banda rose to prominence as a trailblazer in Ghana’s shipping and aviation sectors. He was widely regarded as the first African to own a ship and the first Ghanaian to establish an airline, marking significant milestones in West Africa’s transportation industry.
Alhaji Banda’s impact on Ghana’s economy was immense. As the founder of Antrak Shipping Line, he played a critical role in modernizing the maritime industry and expanding trade opportunities for the country. His ventures in aviation also transformed domestic air travel, making it more accessible and efficient. Beyond business, he was known for his philanthropy and mentorship, inspiring countless young entrepreneurs to pursue their ambitions despite economic challenges. His work earned him great respect among business leaders, with notable figures such as Sir Sam Jonah eulogizing him as a visionary and a patriot dedicated to Ghana’s progress.
His passing marks the end of an era, but his contributions will continue to influence generations to come. Alhaji Banda’s entrepreneurial spirit, resilience, and commitment to national development have left an indelible mark on Ghana’s history. His legacy extends beyond commerce—he was a symbol of determination and excellence, proving that with innovation and perseverance, one can achieve remarkable success. Though he is no longer with us, his influence will continue to shape Ghana’s business landscape for years to come.
