The Managing Director of the Ghana Airports Company Limited (GACL), Yvonne Nana Afriyie Opare, has officially terminated the controversial revenue assurance contract with Evatex Logistics Limited. To date, no payments have been made under the agreement.
Documents obtained by KDS Radio confirm that Evatex was formally notified of the contract termination on July 28, 2025. The Office of the Special Prosecutor is currently investigating the circumstances surrounding the contract award, which has drawn attention due to the company's links with Strategic Mobilisation Ghana Ltd (SML).
The former GACL Board Chairman and host of Good Evening Ghana, Paul Adom-Otchere, has been arrested to assist in the ongoing investigations.
Evatex was contracted to provide revenue assurance services for cargo operations at Kotoka International Airport. Under the terms of the agreement, the company would only receive a fee—15% of any recovered or uncovered concealed revenues—if it successfully identified and helped recoup lost earnings.
However, sources indicate that since the contract’s inception, Evatex has not identified any concealed revenues. As a result, GACL has not made any payments to the firm.
Notably, prior to signing the Evatex contract, the GACL Managing Director had commissioned a special audit of the airport's cargo section in June 2024. That audit reportedly found no evidence of revenue underreporting that would have warranted a revenue assurance arrangement.
Despite this, the contract was awarded under the condition that no payments would be made unless Evatex produced tangible evidence of concealment—an outcome that has yet to materialize. The lack of results prompted GACL to invoke a termination clause allowing either party to end the contract with one month's notice.
The clause reads:
"A party may terminate this agreement before the expiry, without cause, by giving the other party one month’s prior written notice of its decision to terminate this agreement."
The Special Prosecutor's probe is ongoing, with more individuals expected to be questioned, particularly over the contract’s connection to SML, a firm not directly involved in the GACL agreement but at the center of related scrutiny.
Story By: Afia Ohenewaa Akyerem