Search: “debt”
16 results found
GACL terminates Fixed Base Operation agreement with McDan Aviation over persistent debt
Summary
Why did Ghana Airport Company lock up Terminal 1, and what does it mean for McDan Aviation's future operations?
GACL has terminated its agreement with McDan Aviation due to unpaid fees since 2022. Despite multiple notices and a payment plan, McDan's debt remained, leading to the termination in January 2026. GACL is pursuing the remaining debt from the McDan Group.
Business & Economy
3 min read
Iran-US-Israel War: What it means for Ghana real estate investors
Summary
With global markets rattled by the Iran-US conflict, how safe are your Ghana real estate investments?
The US and Israel launched strikes on Iran, impacting global markets and oil prices - now over $100/barrel. This could affect Ghanaians planning real estate investments in Accra. The conflict's impact on Ghana's economy is under scrutiny.
Business & Economy
4 min read
McDan Aviation sues GACL over termination of Terminal 1 FBO licence
Summary
Why is McDan Aviation claiming GACL didn't follow procedure when terminating their operating license?
McDan Aviation is suing Ghana Airports Company Limited (GACL) over the termination of its Terminal 1 Fixed Base Operations (FBO) licence. McDan claims GACL's termination didn't follow the 10-year agreement signed in 2022, after McDan invested $3 million.
Business & Economy
3 min read