Mahama to cut sod for $98.4m Takoradi Port expansion

President John Dramani Mahama is expected to cut sod for the construction of a $98.41 million Berth 19 facility at the Takoradi Port as part of efforts to expand the country’s port infrastructure and boost trade.

The 300-metre-long facility, with a capacity to accommodate vessels of up to 75,000 deadweight tonnes (DWT), is being funded directly from the Ghana Ports and Harbours Authority’s (GPHA) own resources.

In a post on X, formerly Twitter, on Tuesday, November 10, Presidential Spokesperson Felix Kwakye Ofosu said the project demonstrates President Mahama’s track record and capacity to drive economic transformation through strategic infrastructure investments.

He said the President’s New Economy Programme, expected to be introduced in the 2027 Budget Statement and Economic Policy on Thursday, would seek to transform the structure of the Ghanaian economy.

Mr Kwakye Ofosu cited the expansion of the Tema Port through the Meridian Port Services (MPS) arrangement as an example of the President’s investment decisions.

According to him, since the commencement of operations at the expanded MPS Terminal, the GPHA has earned $421 million, equivalent to approximately GH¢5 billion.

He said the revenue had enabled the Authority to finance major investments in its operations from internally generated resources.

The Presidential Spokesperson said the Takoradi Port project would further enhance the facility’s operations, increase revenue generation and support the expansion of Ghana’s trade sector.

He described the investment as part of President Mahama’s broader vision to strengthen critical infrastructure as a foundation for economic progress.