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The Ghana Airports Company Limited (GACL) has insisted on full payment of debts owed by McDan Aviation, citing a history of defaults dating back to 2020.
The GACL issued a statement on Tuesday, December 31, 2024, explaining the closure of Terminal 1 at Kotoka International Airport (KIA), which had been allocated to McDan Aviation for private jet services.
According to the GACL, McDan Aviation owes a total of US$3,995,622.66 and GH¢13,523.37. While the company recently made a partial payment of GH¢2 million on December 24, 2024, the GACL deemed this insufficient and reaffirmed its demand for full settlement.
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The GACL highlighted that McDan Aviation has consistently defaulted on agreed payment schedules since 2020. Despite repeated reminders, meetings, and proposed payment plans, the company has failed to honour its commitments.
“Efforts to recover the outstanding debts have spanned several years, yet McDan has only made partial payments while the majority of its obligations remain outstanding,” the statement said.
The GACL raised additional concerns about McDan’s operations:
- Revenue Sharing: McDan is required to pay a 15% share of its gross revenue for the period from September 1, 2022, to November 30, 2024. These payments remain outstanding.
- Land Payments: McDan owes payments for lands acquired from the GACL in 2015, which the company claimed were under litigation. However, McDan has developed these lands commercially, benefiting from rental income without paying ground rent to the GACL.
The GACL stated that its demand for full payment is part of a broader debt recovery exercise aimed at clearing outstanding obligations from multiple operators. Four other companies operating at KIA have also been shut down for non-payment of debts.
“This is a standard exercise conducted regularly to ensure the financial sustainability of Ghana’s aviation infrastructure,” the statement noted.
The GACL emphasised that McDan must settle its entire debt before Terminal 1 can be reopened for operations. The company reiterated its commitment to enforcing financial accountability among all stakeholders.
