The Ghana Ports and Harbours Authority (GPHA) has renegotiated the shareholding structure of the major service provider of the port, Maritime Ports Service (MPS), to 70 per cent and 30 per cent respectively.
This means that the Ghana Ports and Harbours Authority has regained its controlling shares of 30 per cent in the company, which was diluted few years ago.
MPS is expected to undertake the expansion works of the container terminals at the Tema port from its current state to accommodate about one million tonnes.
Chief Executive of the GPHA, Paul Ansah, told Joy Business that the development will assist in their quest to improve services at the port.
“We used to have a 30 per cent stake until there were few challenges and the shares were diluted to 15 per cent but I am happy to note that we have reached a new agreement to regain our 30 per cent.
“This means a lot to the Ghana Ports and Harbours Authority especially when work on the expansion project is completed,” Mr Ansah noted
As a Terminal Operator, MPS has since 1st April 2007, been at the forefront of efficient regional maritime trade.
Key highlights of its decade’s existence have been the introduction of sophisticated Terminal Operating Systems, acquisition of high-tech cranes for terminal and yard operations as well as initiating the US$1.5 billion Tema Port expansion project.
Mr Ansah said “the port expansion project is ongoing and very timely. After its completion, Tema will have one of the best container terminals in the sub-region.”
Story: Business Desk