\n
By Issah Mohammed<\/p>\n
Accra, Oct 19, GNA \u2013 The Ghana Ports and Habour Authority (GPHA) has entered into a partnership agreement with the McDan Group for the development of a marine terminal facility on the Volta River.\u00a0<\/p>\n
The project, which aligns with GPHA\u2019s Master Ports Plan to enhance cargo services and socio-economic activities, is expected to streamline the export of salt, reduce logistics costs, and ultimately support regional and global market demands.\u00a0\u00a0<\/p>\n
A Memorandum of Understanding was signed to that effect by Mr Michael Achagwe Luguje, Director General of GPHA and Dr. Daniel McKorley, Executive Chairman of the McDan Group.\u00a0\u00a0<\/p>\n
Under the agreement, both parties will form a Joint Project Development Team to oversee technical meetings, stakeholder engagement, and operational protocols.\u00a0\u00a0<\/p>\n
The McDan group, which is into salt production through its subsidiary, ElectroChem Ghana Limited, will handle the project\u2019s financial aspects, while GPHA will provide guidance and support for acquiring necessary permits and approvals.\u00a0<\/p>\n
In a press statement, the McDan group explained that \u201cthe partnership arises from McDan\u2019s need for a more efficient logistics solution for salt exports, given the challenges of road haulage to the distant Port of Tema.\u201d\u00a0<\/p>\n
According to the statement, the Executive Chairman described the MoU as a vital step toward strengthening Ghana\u2019s marine sector and contributing to broader economic development.\u00a0\u00a0<\/p>\n
The McDan Group envisions creating a sustainable ecosystem that fosters growth and innovation within the Ada community.\u00a0<\/p>\n
It aims to bolster Ghana\u2019s salt production capabilities, with ElectroChem\u2019s potential output exceeding two million tonnes annually.\u00a0\u00a0<\/p>\n
This increase in production is expected to create jobs, reduce salt imports, and enhance the socio-economic conditions of the Ada community\u00a0<\/p>\n
\u201cSignificant steps have already been taken, including acquiring the port site, conducting feasibility studies, and engaging with stakeholders. Ongoing discussions with potential investors to secure financing for the project is progressing,\u201d the statement highlighted.\u00a0<\/p>\n
Components of the project include, conducting feasibility studies to assess technical, economic, and environmental viability; improving navigation infrastructure to facilitate safe shipping from the Atlantic Ocean to the terminal and the upgrading of road access to enhance connectivity between Ada and major highways.\u00a0<\/p>\n
The project also entails the construction of port facilities such as quay walls, berths for vessels, and terminal facilities for salt management and cargo services.\u00a0<\/p>\n
The facility when completed would be named the \u201cElectroChem Terminal, Port of Ada\u201d.\u00a0\u00a0\u00a0<\/p>\n
GNA\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
By Issah Mohammed Accra, Oct 19, GNA \u2013 The Ghana Ports and Habour Authority (GPHA) has entered into a partnership agreement with the McDan Group for the development of a marine terminal facility on the Volta River.\u00a0 The project, which aligns with GPHA\u2019s Master Ports Plan to enhance cargo services and socio-economic activities, is expected […]<\/p>\n","protected":false},"author":1,"featured_media":235312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-235311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
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