As part of its ongoing debt collection effort, the Ghana Airports Company Limited (GACL) has reiterated its commitment to collecting debts owing by businesses using Kotoka International Airport, including what it refers to as substantial arrears owed by McDan Company Limited.
GACL stated in a news release that it is still working to collect any unpaid invoices.
As explained below, the statement released by GACL’s management revealed that McDan Company Limited owes GACL $3,995,622.66 and GHS 13,523.37 in total across a number of categories:
| Category | Amount (USD) | Amount (GHȼ) |
| Rent and other fees for Terminal 1 | $640,232.48 | – |
| Block Factory off Spintex Road (5.66 acres) | $1,160,827.23 | – |
| Airport Logistics Building off Spintex Road (10.63 acres) | $2,168,266.75 | – |
| Courier Enclave (space rental 0.59 acres) | $8,140 | – |
| Cargo Village (Offices) | $18,156.20 | GHȼ 13,523.37 |
| Total | $3,995,622.66 | GHȼ 13,523.37 |
Also, it stated that between September 1, 2022, and November 30, 2024, McDan must give GACL 15% of its operating gross revenue.
The payment of GH̼2,000,000 made by McDan Company Limited on December 24, 2024, was acknowledged by GACL.
It did, however, state that this partial payment is far less than the entire amount due.
The press release also addressed McDan’s claims about properties purchased from GACL, noting that although McDan has used ongoing legal proceedings as an excuse to defer payments, the company has constructed commercial buildings on these properties and is still making rental income without paying GACL ground rent.
The company demanded full repayment of all arrears after it was discovered that previous payment schemes McDan had provided in 2020 had not been adhered to.
The GACL claims that the debt collection exercise is a routine effort to recoup money due by several businesses that use Kotoka International Airport. Four additional businesses, in addition to McDan, were shut down for nonpayment of debts.
GACL emphasized that these initiatives are a continuation of its long-standing dedication to guaranteeing sustainability and financial accountability.
Over the weekend, the GACL closed McDan Aviation’s private aircraft terminal at Kotoka International Airport, which the firm claims was done in bad faith because it was actively negotiating a settlement.
The business also noted that the closure was a bad sign for the airport’s own financial performance and suggested more negotiations to keep the business afloat.
GACL Statement Below:
Source: newsthemegh.com