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GHPA facilitate loans without govt's help for expansion projects-Director General Featured

Written by  May 29, 2017
The Director General for Ghana Ports and Harbours Authority (GPHA), Mr. Paul Asare Ansah has stated that they have adopted innovative ways through which they generate revenue for infrastructural projects. He was responding to the issue concerning the 3 billion dollars allocated to the Authority for projects within a period of 5-10 years. Speaking in an exclusive interview with Rainbow Radio, he disclosed that, they use their own documents to facilitate loans without any assistance from government. Touching on expansion works at the ports he said, the Authority managed to secure a loan of $ 135 million for a jetty project which was commissioned last year. He said, the Authority also collaborated with MEORSK to facilitate a loan for an expansion work at Takoradi Ports. The amount he revealed amounts to 357 million euros for bulk jetty, dredging among other expansion works. He hinted that he has set up a committee which would be launched soon to find other innovative ways for revenue mobilization for other projects at the Authority. In the view of Mr. Ansah it was prudent to set up the committee so they will they will find means for the Authority to be self-dependent and avoid the situation where they  depend on individual investors which finally put pressure on them to increase port charges. According to him, they will soon set up a ‘Port Infrastructure Development Fund’ to help the Authority just as some countries have successfully done.      
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