President Nana Akufo-Addo has officially commissioned a $100 million Oil and Gas Services Terminal at the Port of Takoradi, marking a significant milestone in Ghana’s quest to strengthen its position as a hub for offshore oil and gas operations in the Sub-Region.
President Nana Akufo-Addo says the construction of the new Oil and Gas Services Terminal is the realization of a 6vision that cements Ghana’s position as a beacon of economic resilience.
Adding that the Terminal is a critical gateway offering a one-stop-shop supply of essential resources for offshore activities and will further strengthen Ghana’s position in oil and gas sector operations.
At the commissioning of the facility at the Port of Takoradi, President Akufo-Addo described the 31 Times Football Park Services Terminal as a “bold testament” to the nation’s economic progress while positioning Ghana as a hub in the upstream business.
He said, “This critical investment in the sector affirms our commitment to enhancing economic opportunities for all Ghanaians.”
The Terminal, regarded as a transformative addition to operations at the Port of Takoradi, was initiated in October 2022 by the Ghana Ports and Harbours Authority (GPHA) with financial backing from the government.
Valued at $100,007,246.86, the project was executed by China Harbour Engineering Company, with GTYD Group Limited serving as consulting engineers.
The development included reclaiming 20 hectares of sealand, dredging 752,045 cubic meters, improving the ground, constructing storage yards and concrete roads, and installing essential systems for water supply, drainage, sewage, pipelines, power, and communication.
President Akufo-Addo highlighted that the Port’s modernization would boost competitiveness, foster greater regional integration, and spur economic advancement.
Transport Minister Kweku Ofori Asiamah acknowledged the President’s support in enabling the Ministry to undertake various infrastructure initiatives. He expressed optimism that the Terminal, in conjunction with existing facilities at the Port of Takoradi, would enhance maritime business across the region.
GPHA Director General Michael Luguje emphasized that the goal of transforming the Port from a conventional export hub to a more versatile facility has been achieved. He noted that the Port of Takoradi is now better equipped to handle large cargo containers, strengthening its competitive edge.
Western Regional Minister Kwabena Okyere Darko-Mensah described the project’s completion as a significant milestone in advancing port operations and driving economic progress. He commended the President for fostering a supportive environment for the oil and gas industry.
The Minister further emphasized the importance of prioritizing safe operations, efficiency, and environmental sustainability as the Port expands its reach and impacts lives positively.
Key features of the Terminal include a 550-meter quay wall, a draft depth of 10 meters, and a 200,000 m² serviced land area designed to accommodate oilfield operators, logistics providers, offices, workshops, and storage facilities.
The initiative aims to create a state-of-the-art shore-based logistics hub within the Port, incorporating offshore supply vessel (OSV) berthing infrastructure and a fully serviced waterfront area to support oil and gas exploration and production activities.