Tema Port expansion to help fix Ghana’s trade deficiencies

Ghana could be on the way to redeeming her trade deficiencies and increase transactions as expansion work at the Tema Port kick-starts next year.

The first phase of the project estimated to cost 1.5 billion US dollars is expected to be completed in four years.

Officials of the Ghana Ports and Harbours Authority say the port expansion will see capacity increase three times of the current level to meet growing demands.

On completion of the project, Tema Port is expected to handle about 2.2 million 20-footer equivalent units in 2028, at least, twice the current capacity of about one million.

Presently, 60 per cent of traffic at the port which was built in 1962 is being containerized, coupled with growth in transit and domestic trans-shipment business.

A joint- venture agreement signed between the GPHA and Meridian Port Services and foreign counterparts will see the construction of four- kilometer breakwater.

Marketing and Public Relations Manager, Paul Asare Ansah, tells Nhyira Fm expanding the port will improve efficiency and re-position Ghana for trading opportunities in the sub-region.

“That 1.5 billion US Dollar investment is going to expand the capacity of the port to handle even 3.5 million TEUs [Twenty-foot Equivalent Units]; far in excess of the projection that we have made up to about 2040 to 2050, the port will still be sufficient. We are going to reclaim about 120 hectares of land. The breakwaters, about 4 kilometers of breakwaters to be built and its going to be two and half times bigger than the current Tema Port”. Mr. Asare Ansah revealed.

Contract for the expansion works which has already been signed will also include the transformation of the Tema end of the Motorway into a modern fly-over whilst a terminal for cruise and passengers is also developed as part of the expansion.

So what does making Ghana a maritime hub and the most efficient one-stop port services centre in the sub-region mean for the local economy?

Mr. Asare Ansah explains the port expansion project will improve service delivery.

“Expanding the port means expanding the capacity of the port to handle any increase in trade that passes through Ghana. It means expanding our ability to attract more transit cargo and lead us towards the national goal of positioning our country as a gateway for trade and industry in the sub-region. Increasing the capacity in terms of berthing facilities, modernization of equipment means improving efficiency that will translate into minimization of the cost of doing business; that will translate into lower cost of imports and competitive cost of our exports on the international market, expanding the port means removing occasional congestion that translates into delays.

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