Ports sector

An Expert's View about Ports in Ghana

Posted on: 18 Feb 2012

Ghana has two main deepwater coastal ports – Tema and Takoradi which are managed by the statutory corporation Ghana Harbour Ports Authority (GHPA).

Ports sector in Ghana Ghana, an attractive emerging economy, is looking for investment in developing its growing ports sector. Market overview Ghana has two main deepwater coastal ports – Tema and Takoradi which are managed by the statutory corporation Ghana Harbour Ports Authority (GHPA). Tema is the largest, handling 75% of maritime trade in 2010. Tema port has 12 berths with draughts ranging from 8-11.5 metres, and handled 590,147 teus in 2010, a 12% rise in container volume from 2009. GHPA are looking to increase the size of Tema port to relieve the current congestion. Expansion plans are significant and include a new container terminal, fruit & sugar terminal, passenger terminal and transhipment terminal. Costs have been estimated at $1.5 billion and investment through PPPs is being sought by GHPA. Takoradi port has gained more significance since the discovery of oil in 2007. It is now the main supply port for the offshore production and exploration operations and capacity is under considerable strain. Takoradi port has seven berths with draughts ranging from 9-10 metres. It is predominately an export port for commodities such as cocoa and timber and for mining extractives such as bauxite and manganese, it also handles container imports (53,041 teus in 2010). GHPA are looking at a $750 million expansion plan over three phases to increase the size of the port by 300%, which includes land reclamation. Investment through PPPs is sought though the Government has listed the first phase of works amongst infrastructure projects to be financed under a Master Facility Agreement with the China Development Bank (a $3 billion draw down loan). There are also plans to develop the Boankra Inland Port, an intermodal dry port outside of Kumasi. Sustainability of this project may be dependent on the rehabilitation of the Eastern railway line; there is currently no functioning railway service on this route. But this would form an important cargo port for goods going to the North of Ghana and the landlocked countries of Burkina Faso and Niger. Key opportunities ξ Major projects in both Tema and Takoradi ports; Ghana is looking seriously to significantly develop its transport infrastructure which it sees as essential to sustained economic growth. ξ GHPA looking for a partner for a concession on the Dry Dock in Tema Port. ξ The Government has been in long term planning for a dedicated oil services port in the Western Region, which it would look to finance through a PPP. ξ Lonrho are undertaking a feasibility study for an oil services terminal in Atubao in the Western Region. Lonrho are looking to promote this project with oil & gas companies operating in West Africa. ξ Commercial shipping opportunities on Volta Lake, north/south Ghana connections. Latest export opportunities – Ports & Logistics Latest export opportunities - Ghana Getting into the market Face to face meetings are essential in this business environment and appointments should be made with the following: Ghana Harbour Ports Authority, for port management and planning, http://ghanaports.gov.gh/GPHA/index.php Ministry of Transport, for strategic leadership and oversight, http://www.mot.gov.gh/index.php Ghana Investment Promotion Centre, for guidance and assistance to international investors, http://www.gipcghana.com. More about doing business in Ghana Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. •Alasdair Hamilton, British High Commission, Ghana. Tel: +233 (0)302 213231 or email: alasdair.hamilton@fco.gov.uk •UKTI Ghana Trade Team, British High Commission, Ghana. Tel: +233 (0)302 213200 or email: DLAccraUKTIprotect@fco.gov.uk Contact your local international trade team UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events – Ports & Logistics Useful links More about OMIS and other UKTI services for exporters
Posted: 18 February 2012