Vice President Alhaji Dr. Mahamudu Bawumia has reiterated government’s commitment to continuously create an enabling environment for the private sector while ensuring that cost of doing business in Ghana becomes competitive.
The Vice President reaffirmed this during the commissioning of a new multi-million dollar Liquid Bulk Terminal at the Port of Takoradi in the Western Region.
The facility which was constructed by Amandi Ghana Limited has a state of the art loading structure, with a birth of minus 14 meters to receive bulk loading vessels for all petroleum products.
Dr Bawumia also cut sod for phase two of the dry jetty within the Takoradi port.
The newly commissioned Liquid Bulk Terminal comes with loading arms for 5 petroleum products and has a birth facility which is designed to support up to 60k petroleum cargo carriers.
It is expected to provide about fifty percent of the country’s domestic oil consumption and enhance the transshipment of petroleum products to other countries.
Partnered by IBISTEK, a wholly Ghanaian company with the Ghana Port and Harbours Authority, the Takoradi Port Expansion project is being transformed into a world-class marine facility.
“These Ghanaian businessmen and entrepreneurs had a very big dream for this major infrastructure investment. We looked at it and it was something that was for me very necessary and very feasible and many people believed in them and their ability to execute this huge project from Ghana,” he revealed.
Dr. Bawumia at the commissioning of the facility said the indigenous company, IBISTEK, was quite ambitious of the project but the President trusted in their spirit and might to make this a reality.
Board Chair for GPHA, Peter Mac Manu stressed that the commissioning facility was a testament to their commitment to fastrack the development of the port, in line with the national development goals.
Board Chairman for Ibis Tek group, Lawyer Kwame Gyan added that his outfit had invested over a hundred million dollars in a cluster of key projects within the Takoradi Port, aimed at making the port a world-class facility.
Dry Bulk Terminal Phase II
Adding to the infrastructure at the Port with an operational capacity of just 6.5 million metric tonnes per annum for bulk cargo, this facility will bring to total the capacity of the port to handle about 18.5 million metric tonnes each year.
Work on this project is expected to be completed in the second quarter of 2022, Minister for Transport Kwaku Ofori Asiamah hinted.
Source: Starrfm.com.gh