Kwakye Ofosu touts Mahama’s port investments ahead of 2027 budget

Government Communications Minister Felix Kwakye Ofosu has pointed to investments in Ghana’s port infrastructure as evidence of President John Dramani Mahama’s capacity to transform the economy, ahead of the unveiling of the New Economy Programme in the 2027 Budget.

In a Facebook post on Tuesday, November 10, he said the President’s approach to developing critical infrastructure, including the expansion of Tema Port through the MPS arrangement, demonstrated his commitment to laying the foundation for long-term economic growth.

Mr Kwakye Ofosu said the MPS Terminal had generated $421 million, equivalent to nearly GH¢5 billion, for the Ghana Ports and Harbours Authority (GPHA) since it began operations.

He added that the revenue had allowed the Authority to undertake major investments using its internally generated funds.

He cited the planned $98.41 million Berth 19 project at the Takoradi Port as another example of this investment drive. President Mahama is expected to cut the sod for the 300-metre facility, which will accommodate vessels of up to 75,000 deadweight tonnes.

The project is being financed from GPHA’s own resources and is expected to improve port operations, boost revenue and support the expansion of Ghana’s trade sector.