President of the Republic, H.E Addo Dankwa Akufo-Addo has commissioned state-of-the-art Dry Bulk Terminal and the Atlantic Terminal Services Multipurpose Container Terminal, Thursday December 8, 2022.

He also cut the sod for the commencement of works on the construction of a US$98 million modern oil and gas services terminal.

It forms part of the strategic development of the Port of Takoradi, to service the emerging Petroleum Hub and accommodate oil and gas service providers, fabrication companies, exploration companies and their suppliers for supply base activities.

The Floating Dry-Dock and Ship Maintenance facility, introduced in partnership with a wholly-owned Ghanaian company, Prime Meridian Dock Limited (PMD), according to Akufo Addo, is estimated at US$137 million and financed by Prime Meridian Docks Limited.

He explained, “This initiative is meant to carry out maintenance works on vessels which, otherwise, would have had to call at Las Palmas, Carina, and other ship repair facilities in other countries for maintenance works.

“These projects will enhance cargo handling capacity, maintenance and repairs of ships, and also meet the demands of the rigours of the oil and gas service sector within the Takoradi Port enclave.”

The President stated the project which costs US$85.0 million, has been stuffed with modern ship loaders and eco-hoppers for the safety of both workers and members of the Port community.

According to him the new ATS Container Terminal facility, which forms part of the multi-Purpose Terminal, will take care of both export and import containers as well as conventional cargoes.

The facility shall be in full operation next year, February 2023.

Nana Addo added; Concessionaire, another wholly owned Ghanaian entity, which has already spent US$147 million on constructing the facility, will spend the next three (3) months equipping the facility to be in full force.

He emphasized on the impact of private the sector to national Development President, and thanked the Ghana Ports and Harbours Authority for its partnership with the private sector for the roll-out of successful projects.

He elated the Ghanaian people and I are hopeful that the Oil Service Terminal and the Floating Dry-Dock Projects, for which I am cutting the sod, will be completed as schedule to avoid cost overruns.