You are here: HomeBusiness2024 08 13Article 1945360

Business News of Tuesday, 13 August 2024

Source: www.ghanaweb.com

Multiple investors express interest in construction of Keta Port project – GPHA Director

There has been no progress on the port for nearly 8 years There has been no progress on the port for nearly 8 years

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

Watch the latest edition of BizTech below:





Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel

Meanwhile, GhanaWeb is set to premiere a documentary on playwright Uncle Ebo Whyte on Monday, August 19, 2024. Watch the trailer below: