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GACL provides details of McDan’s $4 million arrears to it

December 31, 2024
airport

Management of the Ghana Airport Company Limited (GACL) has reacted to claims by MacDan Aviation of paying a substantial amount of the $3 million debt.

GACL explained that the debt comprises land leases, terminal fees, and rental charges that accumulated over time.

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According to a statement, despite repeated notices and a December 25 deadline for settlement, the amount remains largely unpaid.

McDan also issued a statement indicating that they paid $2 million out of the debt, but GACL has disputed the figure.

GACL, in its statement, said that the debt total is $3,995,622.66 and GHS 13,523.37 and so had to shut the place as part of efforts to round up its regular debt collection exercise for the year.

Terminal 1 Rent and Fees: $640,232.48

Block Factory, Spintex Road (5.66 acres): $1,160,827.23

Airport Logistics Building, Spintex Road (10.63 acres): $2,168,266.75

Courier Enclave (0.59 acres): $8,140

Cargo Village Offices: $18,156.20 (GHS 13,523.37)

“Additionally, McDan is required to pay GACL a 15% share of the gross revenue as monthly revenue returns covering the period September 1, 2022, to November 30, 2024, which is also outstanding.

“For the record, McDan Company Limited paid two million Ghana cedis (GHS2,000,000) on Friday, December 24, 2024, out of the outstanding three million nine hundred and ninety-five, six hundred and twenty-two US dollars, sixty-six cents ($3, 995,622.66) and thirteen thousand five hundred and twenty-three cedis thirty-seven pesewas (GHS13,523.37) owed GACL.

“It is also worthy to note that while McDan intimates that some of the lands acquired from Ghana Airports Company Limited as far back as 2015 are under litigation and therefore is requesting GACL to hold on with the collection of payments, McDan Company Limited has developed same lands with commercial buildings situated on it and benefiting from rental proceeds on the built properties without paying ground rent to GACL.

“Prior suggested payment plans from McDan Company Limited which was presented as far back as 2020 defaulted, therefore it is our position to demand full payment of monies owed.”

By: Rainbowradioonline.com/Ghana

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