Omanghana
The Ghana Airports Company Limited (GACL) has set aside GH¢30 million for a dividend payment to the Government of Ghana, its sole shareholder, as the company reports growth in passenger and cargo traffic.
Managing Director Yvonne Nana Afriyie Opare announced the allocation at GACL’s 11th Annual General Meeting in Accra, where the company presented its operational and financial performance for the year ended December 31, 2025.
GACL described the dividend as its first since the company began operations in 2007. An earlier Auditor-General review, however, recorded a GH¢20,000 transfer from the company’s 2016 profit to the Consolidated Fund, while noting that no dividend had been declared during the period reviewed. The GH¢30 million payment has been earmarked; the announcement did not confirm that it had already been made.
Passenger and Cargo Traffic Increase
GACL recorded growth across its main aviation indicators in 2025:
- Passenger traffic rose by 6% to approximately 3.6 million, from 3.4 million in 2024.
- Aircraft movements increased by 2.2% to 47,270.
- Cargo volumes grew by 4.8% to 44,826 tones.
At the AGM, the company’s 2025 profit was reported as GH¢354.6 million, compared with approximately GH¢336 million the previous year.
Differing Profit Figures
A separate 2025 State Ownership Report presents a different comparison. It puts GACL’s net profit at GH¢355.94 million in 2025, down from GH¢513.17 million in 2024.
The reason for the difference between the AGM figures and the State Interests and Governance Authority’s figures has not been explained in the available reporting.
Policy think tank Africa Policy Lens has also questioned how the company’s results are being presented. It said core operating revenue fell from about GH¢2.02 billion in 2024 to GH¢1.83 billion in 2025, while profit was supported by approximately GH¢578 million in other operating gains, including revaluation gains that do not themselves represent cash received from airport traffic.
Debt and Regional Airport Costs
GACL continues to face financing pressures associated with the loan used to develop Terminal 3 at Kotoka International Airport.
The company has secured approval to restructure and refinance the syndicated loan, extending the repayment period by eight years and providing a one-year moratorium on principal repayments.
Mrs Opare also said domestic operations and regional airports were not yet profitable. GACL operates facilities beyond Kotoka International Airport, including airports in Kumasi, Tamale, Sunyani and Ho.
Source: Omanghana
