The Ghana Airports Company Limited (GACL) has reaffirmed its commitment to recovering debts owed by companies operating at the Kotoka International Airport, including what it describes as significant arrears owed by McDan Company Limited, as part of its regular debt collection exercise.

In a press statement, GACL outlined its ongoing efforts to secure all outstanding payments.

The statement issued by the management of GACL disclosed that McDan Company Limited owes GACL a total of $3,995,622.66 and GHS 13,523.37 across various categories, as detailed below:

It said additionally, McDan is required to remit GACL a 15% share of gross revenue from operations between September 1, 2022, and November 30, 2024.

GACL acknowledged a payment of GHȼ2,000,000 made by McDan Company Limited on December 24, 2024. However, it said this partial payment falls significantly short of the total owed.

The press statement also addressed McDan’s claims regarding lands acquired from GACL, stating that while McDan has cited ongoing litigation as a reason to withhold payments, the company has developed commercial buildings on these lands and continues to earn rental income without paying ground rent to GACL.

It revealed that prior payment plans proposed by McDan in 2020 were not honoured, prompting the company to demand full settlement of all arrears.

According to the GACL, the debt collection exercise is a regular initiative by GACL to recover funds owed by multiple companies operating at the Kotoka International Airport, and in addition to McDan, four other companies were closed for failing to settle their debts.

GACL emphasised that these efforts are part of its long-standing commitment to ensuring financial accountability and sustainability.

Management of GACL reiterated its firm stance on pursuing outstanding debts, stating, “We will continue to pursue all debts as we have always done throughout the years to retrieve monies owed to GACL.”

The GACL shut McDan Aviation's private jets terminal at the Kotoka International Airport over the weekend in what the company describes as in bad faith, as it had an active discussion and was making efforts to settle the bills.

The company also pointed out that the closure also bode ill for the Airport's own financial outturn, and pointed to further negotiation for business sustenance.