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ATM machines cost banks US$10,000 as rent at KIA

Banks that have Automated Teller Machines (ATMs) mounted at the Kotoka International Airport (KIA) are expected to pay US$10,000 as charges for rental per square meter for a year, Minister of Transport, Kwaku Ofori Asiamah, has disclosed.

The cost of rent banks pay operating ATM at Terminal 3 is the highest among other office space.

For instance, duty-free shops pay between US$500, US$520, while pharmacy shops pay US$300 per square meter annually.

Electronics shops also pay US$300, jewelry US$400, business lounges US$425, CIP Lounge US$500, medical laboratory US$500, hotel lounge (US$650).

Offices such as airlines, banks, ground handlers pay US$650 per square meter per annum.

The transport minister revealed this in Parliament on Thursday when he responded to a question from Ibrahim Murtala Muhammed, Member of Parliament (Tamale Central).

Mr. Murtala Muhammed asked how much government has generated from the private entities operating at the spaces within the Terminal 3 at the KIA from the year 2017 till date.

The transport minister responded by saying “the rate per square meter is charged per annum., stating that the cost of rent for food and beverage such as light restaurant, heavy restaurant and pub ranges from US$280, US$290 and US$300 respectively.”

The minister added that 20 entities are currently operating in the duty-free area of Terminal 3 at KIA, stressing that the contracts were awarded by either advertising the space or upon request from individual/private entities.

According to Mr. Ofori Asiamah, the Terminal 3 became operational from September 2018. Revenues generated from September 2018 to December 2022 amounts to GHc136.5m from these private entities through royalties and rent.

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