Ghana Airports Company (GACL) Earns Top Honor as ‘Most Profitable’ State-Owned Enterprise at PELT Awards 2022

Ghana Airports Company Limited (GACL) has earned the prestigious title of “Most Profitable State-Owned Enterprise” for the year 2022 at the Public Enterprises League Table (PELT) Awards, an event organized by the State Interests and Governance Authority (SIGA).

In a citation presented at the ceremony, GACL was commended for achieving the highest profitability parameter under the Performance Contract Key Performance Index. The award acknowledges GACL’s exceptional financial performance.

During the assessment year, international passenger traffic, including transit passengers, demonstrated a strong recovery, reaching 83.9% of the levels seen in 2019. In 2022, the full-year passenger traffic stood at 1,953,246, in contrast to the 2,328,750 recorded in 2019. On the domestic front, passenger traffic increased by a notable 23.4%, rising from 690,314 in 2019 to 852,101 by the close of 2022.

Upon receiving the award, the Managing Director of GACL, Mrs. Pamela Djamson–Tettey, expressed her gratitude, saying, “It is an immense honor to accept this award on behalf of the entire Ghana Airports team. This achievement would not have been possible without the unwavering dedication of our team. Their collective determination to overcome the challenges posed by the aftermath of the COVID-19 pandemic is commendable.”

Mrs. Djamson Tettey noted that “this award is bestowed upon us at a time when GACL continues to meet its financial obligations arising from the Term Loan Facility used for the construction of Terminal 3. Additionally, the Domestic Airport Passenger Service Charge (APSC) remains at GH₵ 5 per passenger. We are aware of ongoing discussions to secure a review of the Domestic Airport Passenger Service Charge (APSC). This is of great importance, as the proposed upward adjustment will support our efforts to maintain the newly constructed airports in the regions to world-class standards. The future looks promising, and we are confident and committed to sustaining this path of profitability.”

Ghana Airports Company Limited was established in 2006 with a mandate to plan, develop, manage, and maintain airports in Ghana, including Kotoka International Airport and the regional airports such as Tamale, Kumasi, Sunyani, Wa, and Ho.

The company’s vision is to position Ghana as the preferred aviation hub and a leader in airport business in West Africa.

Source: Ghana Business

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