MPS Tema Port Ex­pan­sion We con­nect, you thrive

The Africa Report - - GHANA FOCUS -

Af­ter 2 years of con­struc­tion work, the new MPS con­tainer ter­mi­nal will start oper­a­tions in July. The project, which in­volved the build­ing of a break­wa­ter and ac­cess chan­nel to ac­com­mo­date larger ves­sels, rep­re­sents a ma­jor step in Ghana­ian his­tory.

It is open­ing new thriv­ing op­por­tu­ni­ties not only for the mar­itime and trade sec­tor, but also for many gen­er­a­tions to come.

MPS Tema Port Ex­pan­sion is a lev­er­age to im­ple­ment Ghana­ian Pres­i­dent vi­sion, “Ghana be­yond aid”.the $1.5 bil­lion port devel­op­ment is to date the largest pub­lic-pri­vate part­ner­ship in Ghana’s his­tory. In­vest­ments made to im­prove mar­itime con­nec­tiv­ity will re­duce trade costs and al­low to in­crease trade value and gen­er­at­ing added value. In ad­di­tion to serv­ing Ghana, the new port will also ex­pand trade flows and links across West Africa.these will po­si­tion Ghana as a spot for in­dus­tri­al­i­sa­tion and trade in Africa.

Con­tribut­ing to lo­cal devel­op­ment

By boost­ing the com­pet­i­tive­ness of Ghana’s ex­ports, the new Tema Port will in­crease Ghana’s agri­cul­tural and agro based in­dus­tries’ ex­ported vol­umes and create more jobs. Of the es­ti­mated 500,000 jobs potentiall­y be­ing cre­ated by the new Tema Port, around 77% are for Ghana’s agri­cul­tural sec­tor.

More than fa­cil­i­tat­ing trade, MPS acts lo­cally and has cre­ated a con­sid­er­able num­ber of jobs while its additional rev­enues con­trib­ute to so­cial security, national health, ed­u­ca­tional and other so­cio-eco­nomic equip­ment. So far, the con­struc­tion phase of the project has al­ready gen­er­ated em­ploy­ment for about 5,000 Ghana­ian work­ers.

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