GPHA receives $1.5 billion to boost expansion at Tema Port

The Ghana Ports and Harbours Authority, GPHA has received 1.5 billion dollars for the expansion of the Tema Port.

The authority today signed a 35-year Concessionary Agreement with the Meridian Port Services, MPS to boost expansion activities at the port.

The first phase of the project, expected to be completed in 3 years would also create jobs for about 5000 people.

Board Chairman of the authority, Samuel Ofosu-Ampofo tells Joy Business the expansion works when completed would significantly ease congestion at the port.

“It would double or almost triple our ability to take more imports and exports. The over 5000 jobs that would be created, mostly would benefit Ghanaians. The sub-contracting that would be undertaken would benefit Ghanaians. We are all going to benefit enormously from this expansion project.”

“We are hoping that in the next 3 years, the first phase which is about two berths would be constructed. MPS would then move into the new berths whilst the existing ones MPS is using would be reverted to GPHA”, he added.

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