President John Dramani Mahama has spearheaded a groundbreaking event at the Takoradi Port, officially cutting sod for the construction of a $98.41 million Berth 19 facility designed to significantly expand Ghana’s maritime trade capacity and bolster national revenue generation.
The ambitious infrastructure development features a 300-meter-long berth capable of accommodating heavy commercial vessels of up to 75,000 deadweight tonnes. The project is engineered to optimize port operations, streamline cargo handling, and expand the operational scope of the nation’s trade sector. Demonstrating notable financial independence, the entire $98.41 million development is being funded directly from the internally generated resources of the Ghana Ports and Harbours Authority (GPHA), requiring no reliance on external loans or burdening the national purse.
Government officials point to the project as a direct outcome of President Mahama’s established track record in strategic infrastructure planning. A cornerstone example of this approach remains the visionary expansion of the Tema Port under the Meridian Port Services (MPS) arrangement. Since the massive MPS Terminal commenced full operations, GPHA has accumulated over $421 million (approximately GH¢5 billion) in earnings. These substantial revenues have directly empowered the authority to self-finance major capital developments across its operational network, including the newly launched Takoradi Port project.
The sod-cutting event serves as a key precursor to the government’s broader economic policy direction. The initiative aligns closely with the forthcoming New Economy Programme, scheduled for formal introduction within the 2027 Budget Statement and Economic Policy. Administration representatives maintain that President Mahama possesses the necessary track record and leadership weight to drive a fundamental restructuring of the Ghanaian economy, leveraging critical infrastructure investments such as modern ports, transport corridors, and trade hubs to stimulate sustainable industrial growth, increase national productivity, and foster long-term economic stability.
President Mahama has the track record and heft to lead a transformation of the structure of the Ghanaian Economy through the New Economy Programme to be introduced in the 2027 Budget Statement and Economic Policy on Thursday.
Take for instance his knack for making the right investments in critical infrastructure that underpins economic progress.
A prime example is his visionary decision to expand the Tema Port through the MPS arrangement.
Since the massive MPS Terminal started operations, GPHA has earned $ 421 million (about to GHS 5 billion), enabling them to finance major investments in their operations from their own resources.
Armed with an axe and shovel, President Mahama storms the Takoradi Port today to cut sod for this $98.41 million, 300-meter-long, 75,000 dead-weight-tonnage capacity Berth 19 facility.
This project is being funded directly from GPHA’s own resources and will enhance the operations of the Takoradi Port, rake in more revenue and further expand the Trade sector. Se
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) November 10, 2026
Source: Thepressradio.com
