GACL in financial difficulties – Transport Minister-designate

Minister-designate for Transport, Kwaku Ofori Asiamah, has revealed that the Ghana Airport Company Limited (GACL) is currently facing financial difficulties.

According to the Minister-designate, GACL’s financial difficulties is due to dwindling passenger arrivals at the Kotoka International Airport (KIA) occasioned by the Covid-19 pandemic.

Taking his turn before the Parliamentary Vetting Committee, Mr Asiamah noted GACL’s revenue has been declining for sometime now and that might affect the company’s ability to service loans taken for its operations.

Their revenue has gone down and that might affect the servicing of their loans and maybe we even need to go back and see if we can renegotiate the terms of payment of the loans from the lenders,” he said.

Latest data available indicate that as at January 3, 2021, about 118,278 passenger arrivals had been recorded at KIA since the reopening of the airport in September last year.

GACL, on its website states that an average number of 7,780 passengers were received daily into the country pre-Covid-19.