GACL to Pay Government GH¢30 Million for the First Time Since Its Establishment in 2007

The Ghana Airports Company Limited (GACL) has set aside GH¢30 million for payment to the Government of Ghana, marking its first dividend declaration since the company was established in 2007.

The development represents a significant milestone in the company’s financial relationship with the state, although management continues to face liquidity challenges resulting from substantial investments in airport infrastructure and the operation of regional airports that are yet to become profitable.

Managing Director of GACL, Yvonne Afriyie Opare, announced the decision at the company’s 11th Annual General Meeting, where she presented its operational and financial performance report for the year ended December 31, 2025.

She disclosed that the company had allocated GH¢30 million as dividends to the Government of Ghana, which holds full ownership of GACL.

The proposed payment comes at a time when the company is managing considerable financial responsibilities associated with the development, maintenance and operation of airport facilities across the country.

In addition to overseeing Kotoka International Airport, GACL is responsible for investing in regional airports, including those in Kumasi, Tamale, Sunyani and Ho.

However, these facilities have not generated enough revenue to cover their operational expenses.

Management indicated that the company continues to rely heavily on its internally generated funds to finance infrastructure projects and provide essential services, placing additional pressure on its cash flow and liquidity position.

The situation reflects the financial difficulties associated with balancing commercial profitability with the government’s broader objective of expanding and improving aviation infrastructure nationwide.

Despite these challenges, GACL recorded positive growth in its major operational indicators in 2025.

Passenger traffic increased by six per cent to 3.6 million, compared with 3.4 million passengers recorded in 2024.

Aircraft movements also grew by 2.2 per cent to 47,270, while cargo throughput rose by 4.8 per cent to 44,826 tonnes during the same period.

The increase in passenger numbers and cargo volumes contributed to an improvement in the company’s financial performance, with its profit rising to GH¢354.6 million in 2025 from approximately GH¢336 million in 2024.

Nevertheless, the company continues to contend with liquidity constraints and financing expenses arising from its infrastructure investments, particularly the loan facility secured for the construction of Terminal 3 at Kotoka International Airport.

To ease its debt obligations and improve its financial position, GACL has obtained approval to restructure and refinance its syndicated loan.

The revised arrangement extends the loan repayment period by eight years and includes a one-year moratorium on principal repayments.

The restructuring is expected to give the company greater flexibility in managing its cash flow, meeting its investment obligations and maintaining airport operations.

Source: https://www.citinewsroom.com/2026/11/gacl-to-pay-government-gh¢30m-dividend-for-first-time-since-2007/

MrJacobs feedback-opera-news-app@opera.com