12th April 2023 3:37:33 PM
2 mins readManaging Director of Ghana Airports Company Limited (GACL), Madam Pamela Djamson-Tettey has revealed that her outfit would focus on diversifying non-aeronautical revenues to enhance the company transform its revenue-generating capacity.
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According to her, GACL would be rolling out new business development strategies that would ensure the growth and diversification of revenues with the proposed Airport City 2 Project in line with the company goals.
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She believes that, this vision, when achieved, would facilitate the making of Kotoka International Airport a leading airport business in the West Africa and the world.
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“The Company will focus on implementing new Business Development Initiatives, strategies for the growth and diversification of Non-Aeronautical Revenues in line with its corporate objectives.
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In that regard, the proposed Airport City 2 Project will feature largely in the Company’s efforts to enhance its Non-Aeronautical Revenue Base in the coming years. It is expected that this approach will produce tangible results and transform the revenue-generating capacity of the Company, and drive the vision to make Kotoka International Airport a true hub and leader in the Airport Business of West Africa,”
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Madam Pamela Djamson-Tettey made known at the GACL’s 8th Annual General Meeting held in Accra.
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On the company’s financial performance, the GACL MD noted that for the year under review ending 31st December 2021, the company recorded a loss of about GH¢252 million. Although it was a big hit, she maintained that, this is a relatively improved performance compared to the loss of GH¢435.5 million recorded in 2020.
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Madam Djamson-Tettey explaining what accounted to the loss said it was due to significant increase in financial cost for the Term Loan Facility for constructing Terminal 3 at Kotoka International Airport.
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She was however optimistic the GACL remains poised to post a much-improved performance in the coming years through the implementation of effective business strategies to boost operations and improve working conditions.
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Madam Djamson-Tettey also commended staff for their resilience and exemplary workmanship throughout the business recovery process following the overwhelming and unparalleled effects of COVID-19 and ensuing travel restrictions on airports.
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