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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

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$200m port projects at Mpakadan and Debre to boost transportation on Volta Lake

byPius Amihere Eduku
March 5, 2020
in Top Stories, Transport
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The Volta Lake is to host the Akwamu Port project in three years time when the facility starts operating.

The project, which is being spearheaded by construction and real estate investment firm, LMI Holdings, will see the construction of two ports at Mpakadan and Debre in the Eastern and Savanna Regions respectively.

The construction of the ports is to boost trade activities on the Volta Lake which is currently largely restricted to the transport of cement and fuel from the South to the North.

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This exercise, carried out by the Volta Lake Transport Company (VLTC) also adopts relatively less sophisticated equipment such as containers and cranes to load and transport bulky cargo to and from the Akosombo port.

The Managing Director of LMI Holdings, Kojo Botsio Aduhene, at a stakeholder engagement was hopeful of the prospects of the project to boost trade and enhance inter-connectivity between the North and South via marine transport.

The two ports are estimated at a cost of 200 million dollars.

When completed, the project will facilitate the transport of goods from the Tema port to Ouagadougou in Burkina Faso.

Meanwhile, Mr. Aduhene says the new port to be constructed will not keep the Volta Lake Transport Company out of business even with the introduction of container vessels for the transport of goods.

Though the transport of cement and fuel by the Volta Lake Transport Company is impacted when the volume of water reduces, the LMI Holdings CEO stressed that the partnership is necessary to sustain jobs.

“We are working side by side with the VRA, and at the moment there is a tender process going on in which VRA is inviting investors into the VLTC, and we are involved in the process. This is a twin track because VLTC at the moment carries fuel and bulk cargo like cement and so on, but we are focused on containers which don’t exist at the moment,” he explained.

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