Minister of State in charge of Government Communications, Felix Kwakye Ofosu, has asserted that President John Dramani Mahama possesses the required leadership heft and proven track record to execute a structural transformation of the Ghanaian economy.
According to the Minister, this transformation will be anchored on the upcoming New Economy Programme, scheduled for formal presentation in the 2027 Budget Statement and Economic Policy on Thursday.
In a statement published on his official Facebook page, Mr Kwakye Ofosu pointed to President Mahama’s knack for directing investments into critical infrastructure that directly underpins long-term national development.
He cited the expansion of the Tema Port under the Meridian Port Services (MPS) framework as a prime testament to the President’s vision for the maritime and trade sectors.
Highlighting the financial gains of that decision, the Government Communications Minister disclosed that the Ghana Ports and Harbours Authority (GPHA) has accumulated $421 million (approximately GH¢5 billion) since the MPS Terminal commenced operations.
He emphasized that these substantial returns have empowered GPHA to independently finance major operational expansions using its internally generated funds.
“Since the massive MPS Terminal started operations, GPHA has earned $421 million (about GHS 5 billion), enabling them to finance major investments in their operations from their own resources,” Mr Kwakye Ofosu stated.
The Minister further revealed that President Mahama is visiting the Takoradi Port today to perform the sod-cutting ceremony for the construction of the Berth 19 facility.
The project, valued at $98.41 million, will feature a 300-metre-long berth with a capacity to accommodate vessels up to 75,000 dead-weight tonnage.
“Armed with an axe and shovel, President Mahama storms the Takoradi Port today to cut sod for this $98.41 million, 300-meter-long, 75,000 dead-weight-tonnage capacity Berth 19 facility,” the Minister posted.
He noted that the Berth 19 project is funded entirely from GPHA’s internal revenues, underscoring how strategic capital allocation can sustain self-funding development.
Mr Kwakye Ofosu added that once completed, the facility will significantly enhance port operational efficiency at Takoradi, boost state revenue collection, and accelerate growth across Ghana’s broader trade sector.
Read his full post below
President Mahama has the track record and heft to lead a transformation of the structure of the Ghanaian Economy through the New Economy Programme to be introduced in the 2027 Budget Statement and Economic Policy on Thursday.
Take for instance his knack for making the right investments in critical infrastructure that underpins economic progress.
A prime example is his visionary decision to expand the Tema Port through the MPS arrangement.
Since the massive MPS Terminal started operations, GPHA has earned $ 421 million (about GHS 5 billion), enabling them to finance major investments in their operations from their own resources.
Armed with an axe and shovel, President Mahama storms the Takoradi Port today to cut sod for this $98.41 million, 300-meter-long, 75,000 dead-weight-tonnage capacity Berth 19 facility.
This project is being funded directly from GPHA’s own resources and will enhance the operations of the Takoradi Port, rake in more revenue and further expand the Trade sector.
By: Rainbowradioonline.com/Ghana