Home / Uncategorized / Tema Shipyard Target To Be Among Top 3 By 2030

Tema Shipyard Target To Be Among Top 3 By 2030

Captain Francis Kwesi Micah, the Chief Executive Officer (CEO) of the Tema Shipyard and Dry dock Company, says the company is working hard to place the third best dry dock company on the continent by 2030.

Presently, the facility is under the management of the Ghana Ports and Harbours Authority (GPHA), and in partnership with a strategic investor, Captain Micah said the target of the Dry dock is achievable.

“What we need to realise this is the necessary attention from the government because the GPHA is ensuring that we operate efficiently in the West African sub-region,” he said.

The attention the Tema Shipyard and Dry Dock Company urgently needs from the government is title of transfer, which would reflect the state 100% share in the management of the company, and then its vision of the top three position on the continent.

According to the Director General of the Ghana Ports and Harbours Authority Mr. Paul Kwesi Asare Ansah, the GPHA since June 2016 has invested Gh₵ 14 million into the Tema Shipyard ensuring the turnaround of the facility.

In the last Meet The Press at the seat of Government, President Akufo-Addo expressed surprise that the title of transfer of the Tema Shipyard and Dry dock had not been completed, after the previous government had instructed that the Dry dock was handed over to the GPHA.

A question on the subject was posed to Nana Addo, and in his response, he said he was under the impression that the title of the transfer had been completed, saying

“because I know that GHAPOHA [GPHA] is in a negotiation right now with people to join up for an investor to take over.”

To be sure, Nana Addo invited the sector minister, Kwaku Ofori Asiamah, to tell the media what could be delaying the title transfer of the Shipyard.
In his response, Kwaku Ofori Asiamah explained that though the previous government of the National Democratic Congress (NDC), took a decision that GPHA runs the facility, his ministry, upon assumption of office in 2017, realised that some vital information on the takeover was not readily available to the Ministry of Finance.

In view of that, the ministry sought the advice of a transaction expert, and going by the expertise’s advice, Mr Asiamah assured Nana Addo that in three weeks or a month, all shares would be transferred to the Finance Ministry, for the GPHA to completely take over the management of the Tema Shipyard and Dry dock.

By this, he said the Government of Ghana would have full control to get investors to invest in the Tema Shipyard and Dry dock.
It is over a month now since the minister gave his words to president Nana Addo and Ghanaians.

Meanwhile, the director general said, he does not know what the transport ministry is doing concerning the legal title of the Tema Shipyard.

The shipyard has been tried with many options as a standout company under the ministry of transport, but has failed.

The Tema Shipyard and dry dock is presently called PSC Tema Shipyard and Dry dock, but when the title of transfer becomes successful, the prefix PSC would cancel out, thus making the facility a bonafide of Ghana.

In June to December 2016, after the GPHA take over, 24 vessels called at the dock for various works to be carried on them, and in 2017, worked on 34 vessels. With the delivery of new equipment by the GPHA, the Tema Shipyard has targeted about 45 vessels to call in 2018.

Captain Francis Kwesi Micah said, the facility could also support Ghana’s oil sector by fabricating some components of the FPSOs and would also  attract investors when the needed investment is put in place, which would also improve on its operations.

Story  Danso Abiam

About Philemon Buabeng

Leave a Reply

Your email address will not be published. Required fields are marked *

WhatsApp chat
%d bloggers like this: