Evatex Logistics Limited, a mining and stevedoring firm contracted to provide auditing and revenue assurance services at Kotoka International Airport, has threatened legal action against the Ghana Airports Company Limited (GACL) following the termination of its contract.
In a letter from its legal representatives, K-Archy & Company, Evatex warned GACL to withdraw the termination notice within seven days or face a lawsuit to recover its rights and alleged investments in the deal. The company claims to have invested $64.6 million into the project before the abrupt cancellation.
“The purported termination is unacceptable to our client, given its capital investment of approximately $64,600,000. Our client had commenced execution of the assignment and even submitted preliminary reports,” the letter read.
Under the contract terms, Evatex was entitled to 15% of any uncovered revenue during its audits. However, GACL maintains that the company failed to generate any additional revenue since operations began in April 2025, despite the contract being signed in December 2024.
Legal and Procurement Concerns
GACL formally issued a one-month termination notice to Evatex on July 8, 2025, citing breaches of the Public Procurement Act and other legal violations. Media reports indicate that the Office of the Special Prosecutor (OSP) has launched a probe into the contract, with several arrests made, including former GACL board chairman Paul Adom-Otchere.
Industry experts have also questioned Evatex’s capacity to deliver on the contract, as the firm lacked the required Institute of Chartered Accountants, Ghana (ICAG) license to perform auditing and revenue assurance services—a legal requirement under Act 1058. ICAG has since confirmed that neither Evatex nor Strategic Mobilisation Ghana Ltd (SML)—a company linked to Evatex—holds such a license.
Links to SML and Possible Backdating
Further investigations show strong ties between Evatex and SML, the controversial firm that previously secured multi-million-dollar revenue assurance deals with the Ghana Revenue Authority. Both companies share the same beneficial owner, Evans Adusei, who signed the GACL contract on behalf of Evatex.
The contract process is also under scrutiny due to irregularities in documentation and dates, suggesting possible backdating after the December 2024 elections. The Public Procurement Authority (PPA) approved the deal through single-source procurement, despite the absence of justification in the request letter.
Meanwhile, Evatex insists it acted within the law and will pursue all legal avenues to claim compensation for what it calls an unlawful termination.
Investigations by the OSP are ongoing.
Source: TheDotNews