GACL: McDan owes $3.9m and GH₵13.5m but paid only GH₵2m.

The Ghana Airports Company Limited (GACL) has reiterated its commitment to pursuing all outstanding debts owed by companies operating within its facilities, including McDan Aviation.
In a statement, GACL detailed its ongoing efforts to recover debts, highlighting regular debt collection exercises conducted monthly and an intensified push to close the year on a strong financial note.
Debt Breakdown
According to GACL, McDan Aviation owes a total of $3,995,622.66 and GH₵13,523.37, attributed to various rental and operational agreements. The specific debts include:
• Rent and fees for Terminal 1: $640,232.48
• Block Factory (5.66 acres, Spintex Road): $1,160,827.23
• Airport Logistics Building (10.63 acres, Spintex Road): $2,168,266.75
• Courier Enclave (0.59 acres): $8,140.00
• Cargo Village (Office spaces): $18,156.20
In addition, McDan is required to remit 15% of gross revenue from Terminal 1 operations for the period spanning September 1, 2022, to November 30, 2024, which remains unpaid.
Payment Status
On December 24, 2024, McDan made a partial payment of GH₵2 million towards the outstanding debt. However, GACL maintains that this payment is insufficient, given the significant amounts still owed.
Land Litigation and GACL’s Position
GACL addressed claims by McDan that some lands acquired from the company in 2015 are under litigation. The company pointed out that McDan has developed commercial properties on these lands and has been benefiting from rental proceeds without fulfilling its obligation to pay ground rent.
“While McDan Aviation has requested that payments be put on hold due to ongoing legal disputes, it is worth noting that prior suggested payment plans dating back to 2020 were defaulted. As such, GACL demands full payment of all outstanding debts,” the statement emphasized.
Broader Debt Recovery Efforts
The GACL statement also revealed that four other companies operating at Kotoka International Airport were shut down for non-payment of debts. The company stressed its resolve to ensure compliance and financial accountability among all stakeholders.
McDan Aviation’s Response
McDan Aviation has denied owing $3 million, as reported in some media outlets, and expressed disappointment over GACL’s decision to deny access and shut down the terminal. The company highlighted ongoing discussions with GACL regarding its financial obligations and questioned the timing of the terminal’s closure, marking the second shutdown since 2022.
Despite the pushback from McDan, GACL remains firm in its stance, reiterating that all outstanding debts must be cleared to ensure smooth operations and the financial sustainability of Ghana’s aviation infrastructure.