Quantcast
Saturday , December 16 2017
Breaking News
Home / Ports and Shipping / Ghana Port Authority focuses $370 mln on growth
Ghana Port Authority focuses $370 mln on growth

Ghana Port Authority focuses $370 mln on growth

WASHINGTON: The Ghana Ports and Harbours Authority (GPHA) has awarded a US$370million 25-year concession for the development of the Port of Takoradi container and multi-purpose terminal. Ghanaian engineering firm IbisTek has agreed to develop the port to meet GPHA’s projected cargo growth estimates of up to 1 million TEU capacity. Various lending agencies led by the African Development Bank (AfDB) and the Ghana Infrastructure Investment Fund (GIIF) will invest in the project, which is expected to create over 2,000 direct and indirect jobs.

The Port of Takoradi aims to become more competitive with other ports in the sub region and position itself as the gateway for development into the western parts of Ghana and play a pivotal role in its economic development. Nigeria’s Director General for its Maritime Administration and Safety Agency (NIMASA) recently said that improving online portals is one of the measures needed to allow African ports to compete with Europe.