President John Dramani Mahama is expected to cut the sod for the construction of a new Berth 19 facility at the Takoradi Port, in a project valued at $98.41 million and aimed at expanding the port’s capacity and improving its operational efficiency.
The proposed 300-metre-long facility according to the Minuster for Government Communications, Felix Kwakye Ofosu will have the capacity to accommodate vessels of up to 75,000 dead-weight tonnes (DWT).
The Minister made this disclosure in a statement posted on his Facebook wall today
‘The project is being financed directly from the Ghana Ports and Harbours Authority’s (GPHA) internally generated resources” he said.
He noted that the investment is expected to strengthen the operational capacity of the Takoradi Port, increase revenue generation and support the expansion of Ghana’s trade sector.
The project pointed to the expansion of the Tema Port through the Meridian Port Services (MPS) arrangement as an example of the economic benefits of port infrastructure investment.
According to the statement, the commencement of operations at the expanded MPS Terminal has enabled the GPHA to earn $421 million, equivalent to approximately GH¢5 billion, which has helped the authority finance major operational investments from its own resources.
The planned Berth 19 project comes ahead of the introduction of the Government’s New Economy Programme in the 2027 Budget Statement and Economic Policy, scheduled for presentation on Thursday.
President Mahama is being projected as having the experience and leadership capacity to drive structural transformation of the Ghanaian economy through strategic investments in infrastructure and other critical sectors.
