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Ghana Airports Company Reveals $4m Debt Owed by McDan Aviation

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The Ghana Airports Company Limited (GACL) has detailed the $4 million debt owed by McDan Aviation, which led to the closure of its private jet terminal at Kotoka International Airport (KIA) on December 30, 2024.

The debt, amounting to $3,995,622.66 and GHS 13,523.37, includes unpaid land leases, terminal fees, and rental charges. Despite multiple notices and a December 25 deadline for payment, the debt remains largely unsettled.

McDan Aviation has contested part of the debt, claiming that $2 million relates to a disputed land acquisition currently under litigation. However, GACL insists the amount is valid, noting that McDan has developed the land in question with commercial properties and is benefiting from rental income without paying ground rent.

The breakdown of McDan’s arrears includes:

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: GHS 13,523.37

Additionally, McDan owes a 15% share of gross revenue from September 2022 to November 2024, which remains unpaid.

McDan had made a partial payment of GHS 2 million on December 24, 2024, but the remaining balance is still due. GACL stated that previous payment plans proposed by McDan had failed, and the company is now demanding full settlement of the outstanding amount.

The closure of McDan’s terminal is part of a wider crackdown, as four other companies at KIA have also been shut down for failing to pay their debts to GACL.

Source:TheDotNews

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