ACCRA– President Nana Addo Dankwa Akufo-Addo on Monday inaugurated the start of work to expand the country’s biggest port at Takoradi, about 220 kilometres west of here, with a pledge to remain focused on building a more robust and competitive economy.
We need a competitive economy which can create jobs and wealth for the people, he said, adding that this is at the core of thinking of everything that the government was doing. The port expansion project is being funded by Cal-bank and the Ghana Infrastructure Investment Fund together with Justmoh Construction Limited and other local businesses.
It is being carried out by Ghanaian private investment company IBISTEK, the operators of the newly established Takoradi Container Terminal. Upon completion, it will significantly increase efficiency at the port and reduce congestion.
President Akufo-Addo applauded IBISTEK for developing a world class container terminal to ease congestion at the port to meet the growing demand on contemporary shipping and maritime sector. He expressed optimism that the project would be efficiently managed to enable the country to participate in a competitive business environment.
He made reference to modern ports in other countries like Togo, Benin, Senegal and Cote D’ Ivoire and said Ghana could not afford to be left out in this massive drive for development.
He had earlier commissioned the 500 million US dollars Tarkoradi Container Terminal and the rehabilitated road from Paa Grant Roundabout through New Takoradi to the port’s Gate 10.
Transport Minister Kwaku Ofori Asiamah said the port would continue to get its fair share of infrastructure development.
IBISTEK and the Ghana Ports and Harbours Authority entered into a concession agreement in January 2016 to develop an inland clearing depot. The 27-acre site on which the project is sited has been developed into an ultra-modern container terminal and is already operational.
Source: NAM NEWS NETWORK