Minister of State for Government Communications, Felix Kwakye Ofosu, has clarified that the Hajj Village project is a purely commercial initiative by the Ghana Airports Company Limited (GACL) and not funded by the government.
Addressing concerns about its financing and management, Kwakye Ofosu emphasized that GACL operates as a business entity and undertakes revenue-generating projects to sustain its operations. "The Hajj Village is purely a commercial project.
The Ghana Airports Company Limited saw that they have a certain clientele, so they are tailoring services to meet that clientele with the ultimate objective of making a profit and generating dividends for their shareholder, which is the government," he explained in an interview on Citi FM on Monday, March 3.
Drawing comparisons to Terminal 3, Kwakye Ofosu highlighted GACL's successful revenue-driven projects. "If you go to Terminal 3, GACL invested $276 million because the government of Ghana asked them to keep all their IGF to build their balance sheet to attract funding from various financial institutions.
