Business News of Wednesday, 2 April 2025
Source: www.ghanawebbers.com
The management of the Takoradi Port and Harbour Authority has praised oil and gas exploration. They call it a “blessing” that has increased offshore vessel traffic. This growth has also boosted revenue at the port.
To improve operations, management wants to move oil and gas services from the Western Naval Command to the port. They believe this will make better use of the port’s location and infrastructure. It would position Takoradi as a more effective hub for oil and gas operations in Ghana.
Takoradi Port was commissioned in 1928. It plays a crucial role in Ghana’s international trade. Its strategic location makes it ideal for trade with Europe, America, and Asia. The port currently handles about 65% of Ghana’s total exports, including cocoa, timber, bauxite, and manganese.
In recent years, the port has undergone major changes. A $250 million expansion project began in 2004. Originally a bulk cargo port, it now includes two new sections: Container/Multipurpose and Oil and Gas.
During a visit by Western Regional Minister Joseph Nelson, Deputy Marketing Manager Eliasu Danitie Umaru spoke about oil and gas services. He said these services have changed the game for the port. Vessel traffic has surged, attracting more companies and increasing government revenue.
Umaru pointed out challenges facing the port as well. He mentioned a policy from the Minerals Commission that prohibits delivering explosives after 6 pm. He urged them to reconsider this rule to improve efficiency.
He also asked Minister Nelson to support relocating oil and gas services to the port. Umaru stressed that recent upgrades make the port ready for these activities.
Minister Nelson praised Takoradi Port's management for creating jobs and generating revenue. He recognized its vital role in expanding employment opportunities along the value chain. The minister assured support from the government to address operational challenges.
As part of his visit, he toured Takoradi Flour Mills and GHACEM. This allowed him to learn about their operations and contributions to the regional economy.