The management of the Ghana Airports Company Limited (GACL) has clarified the issue surrounding a piece of land acquired by McDan Company Limited, which is reportedly under litigation.
In a statement dated December 31, 2024, the GACL management disclosed that the lands acquired by McDan Company Limited, which are claimed to be under litigation, have been developed with commercial buildings.
However, despite benefiting from the rental income, the GACL said McDan has failed to pay the required ground rent to GACL. "It is also worthy to note that while McDan intimates that some of the lands acquired from Ghana Airports Company Limited as far back as 2015 are under litigation and therefore is requesting GACL to hold on with the collection of payments, McDan Company Limited has developed same lands with commercial buildings situated on it and benefiting from rental proceeds on the built properties without paying ground rent to GACL," the statement indicated.
In justifying their demand for full payment, GACL said McDan Company Limited has defaulted on payments for four years.