Business News of Tuesday, 13 August 2024
Source: www.ghanaweb.com
The Director-General of the Ghana Ports and Harbours Authority (GPHA), Michael Luguje, has stated that more than six private investors have shown interest in partnering with the government for the construction and operationalisation of the Keta Port project.
Despite the construction of an office in Kedzi located in the Keta Municipality of the Volta Region, there has been no progress on the port for nearly 8 years.
Despite these delays, the GPHA Director mentioned that an environmental and social impact assessment report would soon be issued by the Environmental Protection Agency (EPA) and presented to potential investors as part of the port development process.
Speaking to journalists about the project, Michael Luguje said that the government has not yet received any formal proposals from investors interested in the project.
"While we wait for the environmental and social impact assessment, we have already started engaging potential investors. So far, over six different companies, both local and international, have shown interest in partnering with the government to build the port.
"They also require the environmental and social impact assessment report to help guide and refine the proposals they will submit to us," the GPHA director said.
He further explained, "We hope that in the next month or two, once the EPA releases the report, we will submit it to these investors. They will then review it and work towards presenting more concrete proposals on the type of partnership they seek to establish with us for the construction and operation of the Port of Keta."
In 2018, President Nana Addo Dankwa Akufo-Addo signed an Executive Instrument (EI) officially designating the location in Keta as the Port of Keta, to be managed by the GPHA.
Over the years, residents and stakeholders have expressed frustration with the government's delay in progressing with the construction of the port, which they believe is crucial for the socio-economic development of the Volta Region.
MA/AE
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