{"id":238627,"date":"2024-10-24T19:19:28","date_gmt":"2024-10-24T19:19:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/24\/ghana-needs-extra-ports-economist\/"},"modified":"2024-10-24T19:19:28","modified_gmt":"2024-10-24T19:19:28","slug":"ghana-needs-extra-ports-economist","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/24\/ghana-needs-extra-ports-economist\/","title":{"rendered":"Ghana needs extra ports &#8211; Economist"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/191\/19147883.295.jpg\" alt=\"Michael Yaw Offei is a Ghanaian economist\" title=\"Michael Yaw Offei is a Ghanaian economist\" width=\"295\" height=\"165\" \/> <span class=\"image_caption\"><span>Michael Yaw Offei is a Ghanaian economist<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">A revered economist, Michael Yaw Offei, has called on the government to add on to the country\u2019s already existing ports as a strategic way of opening the economy up and creating more jobs.<\/p>\n<p>In an exclusive interview at his residence in Tema Community 6, Mr. Offei, who has worked with both the World Bank and the IMF said that expanding the port is a strategic move that the government can make in order to attain first-world status by 2029.<\/p>\n<p>\u201cIf we say that by 2029, we aim to become a developed nation, then it is vitally crucial that we increase the capacity of our ports, and by this, I do not mean just expansion, but actually increasing the number of ports,\u201d Mike Offei said.<\/p>\n<p>Currently, the country has two major ports, Tema and Takoradi.<\/p>\n<p>These Ports are a major contributor to the country\u2019s economy. In keeping with its aim to upgrade Ghana into a developed country by 2029, the government has been revamping the port infrastructure and has also undertaken many port projects. However, according to Michael Yaw Offei, who is also a retired diplomat, revamping is not enough to make Ghana\u2019s ports propel the country from a lower middle-income status to a developed one by 2029.<\/p>\n<p>\u201cWe need additional ports; there used to be talks about a port for Keta, what happened to that?\u201d he asked rhetorically.<\/p>\n<p>Currently, the Port of Tema is the nation\u2019s principal port address, receiving 70% of the country\u2019s sea trade traffic.<\/p>\n<p>This is followed by the port of Takoradi. Apart from international trade, these ports also serve as infrastructure for the transhipment of cargo to and from the country\u2019s northerly neighbours, such as Burkina Faso, Mali and Niger. Mr. Yaw Offei urged the government to embark on massive expansion and infrastructural improvements but called for more ports.<\/p>\n<p>\u201cThe Golden Jubilee terminal at the Tema Port is very commendable, however, it remains a fact that the Tema port continues to attract increased volume in container traffic; the same can be said of the Takoradi port which has seen a spur in shipping operations due to oil find nearby.<\/p>\n<p>\u201cThese Ports do not only need expansion, but complimentary ports for the extra volumes,\u201d Mr. Mike Offei, who takes delight in playing lawn tennis said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Yaw Offei is a Ghanaian economist A revered economist, Michael Yaw Offei, has called on the government to add on to the country\u2019s already existing ports as a strategic way of opening the economy up and creating more jobs. In an exclusive interview at his residence in Tema Community 6, Mr. Offei, who has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":238628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-238627","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana needs extra ports - Economist - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/24\/ghana-needs-extra-ports-economist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana needs extra ports - Economist - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Michael Yaw Offei is a Ghanaian economist A revered economist, Michael Yaw Offei, has called on the government to add on to the country\u2019s already existing ports as a strategic way of opening the economy up and creating more jobs. 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