Economy

Ghana Airports Company to leverage Revenue Development Policy to sustain operations

2 Mins read

The Ghana Airports Company Limited should be able to boost its revenue generation sources with the Aviation Revenue Development Policy Initiative rolled out by the Aviation Ministry.

Aviation Minister, Joseph Kofi Adda, believes this should also reduce the over-dependence of such state institutions on the national budget.

Already, the Terminal One of the Kotoka International Airport has been rented out to McDan Aviation for a period of fifteen years following the relocation of domestic flights to Terminal Two.

Addressing legislators last Wednesday, Mr. Kofi Adda urged his colleague MPs to support the plan to make Ghana an aviation hub within the West African sub-region.

“There is a vision of the Ghana Airport Company to leverage its vision-driven development policy initiative to enhance its operations of Terminal One and other related aviation projects. We solicit the support of the members of the house for the perpetration of the vision-driven policy towards the attainment of the mission and vision,” he told Parliament.

Agreement between GACL and McDan Shipping

His comments come after the revelation that the ground floor of Terminal 1 at the Kotoka International Airport (KIA), has been rented out to McDan Aviation for 15 years since January 2019.

Answering a question on the floor of Parliament, Mr. Adda indicated that all domestic flights were relocated from Terminal 1 to 2 after the opening of the new Terminal 3 to ensure efficiency in operations and passenger comfort.

He added that the rent from the operations of McDan Aviation should boost revenue generation for the Ghana Airports Company Limited.

See also  GIBA sues NCA, AG … over Conditional Access implementation for Free-to-Air TV

“The Marque Tent used as the departure lounge has become dilapidated and needed to be replaced. The Ghana Airport Company, therefore, took the renovation from Terminal 1 to Terminal 2, to save money and also ensure efficiency in operations and passionate comfort. The Ghana Airport Company has rented out the ground floor of Terminal 1 to McDan Aviation for use as a logistics operation centre for a period of 15 years from January 2019.”

“Pursuant to the Ghana government agreement with the United States government, McDan has also signed a management agreement with the United States military and provides logistics and handling services to the US military through Terminal 1,” Mr. Adda said.

About McDan Group of Companies 

The McDan Group of Companies is known for its top brand McDan Shipping Company which was established in November 1999.

The company has presence in several major air and sea ports worldwide due to a partnership with Universal Freight Organization, Cross Trades and World Cargo Alliance(WCA).

The CEO and Founder, Daniel McKorley is a Ghanaian business magnate, is a graduate of Business Management and has been a business entrepreneur for more than ten years.

Mckorley was adjudged the Entrepreneur of the year – 2016 at the Ghana Aviation Awards.

Related posts
EconomyfinancelocalNews

IMF Forecasts 5% Growth Rate for Ghana in 2025

1 Mins read
IMF Forecasts 5% Growth Rate for Ghana in 2025 The International Monetary Fund (IMF) has projected a robust growth of 4.4% for…
EconomylocalNews

High Government Debt and Other Factors Drive 850,000 Ghanaians into Poverty, Report Finds

1 Mins read
High Government Debt and Other Factors Drive 850,000 Ghanaians into Poverty, Report Finds A report by the Women in Informal Employment: Globalizing…
BusinessEconomylocalNews

Inflation Forces Shift in Ghanaian Spending Habits towards Essential Goods - Maverick Report

1 Mins read
Inflation Forces Shift in Ghanaian Spending Habits towards Essential Goods – Maverick Report Most Ghanaians shifted their spending habits in 2023 with…

Leave a Reply

Your email address will not be published. Required fields are marked *