Tema Port MPS Terminal 3 to Begin Phase 3
Mohamed Samara, CEO of MPS Terminal 3 at Tema Port, Ghana, announced that shareholders had approved the immediate construction of Phase 2 with completion expected by end of 2020, two years earlier than initially planned.
With a depth of 18 meters, the new entrance channel to the Port is one of the deepest in Africa, allowing the worlds’ biggest vessels to enter both today and in the coming years.
The harbor basin provides the space to dredge deeper and build additional wharves if required. It can currently accommodate up to 20 berths (depending on vessel size) with MPS operating on 4 berths.
Following the launch of MPS Terminal 3 June 28, a high-level Government delegation sat with the terminal’s management team recently.
Topics covered included safeguarding Government revenue generation, border security and how to effectively harness maximum economic gains from connecting Ghana’s Trade and Industry to Africa’s single market of 1.3 billion people with a combined GDP of $3 trillion.
The new MPS Terminal 3 is expected to further improve port productivity and capacity. Anticipated trade-cost reduction will lead to an increase in trade volume and turnover for Ghana importers and exporters. This will in turn generate value to the economy along with the creation of new jobs
A hub port in Tema will connect Ghana to Africa’s consumer markets through direct services, shorter transit times and competitive sea freight rates. It is expected to attract further investment in facilities/factories around Tema Port.