The Director for the Tema Ports, Mr. David Adokor has pledged that the current work expansion at the ports cannot come to an end due to the change in government.
Speaking in interview with CITI FM news, he stated the project was a public private partnership [PPP] between the Ghana Ports and Harbours Authority [GPHA] and the Meridian Port Services [MPS], therefore the compromised agreement will not allow the contract to be terminated.
“The Port expansion project is going on and it will go on because it is a PPP project. MPS is a private company of which GPHA is only a shareholder in that private company. Moreover, MPS is financing the project through the International Finance Company, so there is no way that that project will not go on. So as you can see the project is going on and the change of government will not affect”
He continued, “The concession agreement which we have drawn would not permit the project to be stopped because when you do that then Ghana cannot even carry the consequences that would arise from this”.
Source: Elizabeth Semiheva/Peacefmonline.com
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Wow, you make an agreement and you make clauses that lock all the potentially wrong things in. My friend it's the very reason it may be stopped. Secondly, the composition of the SPV is fatally flawed. The Govt should not have shares in it. It's the private sector who should factor or handle those risks. Will need to look at the whole agreement to further comment on it. The way the guy is defending the issue with alacrity makes me raise my eyebrows
The director of Tema port is not David Adorkor. He is Jacob Adorkor. Peace fm, please check your fact before you publish.
Akufo Addo, I do think this project is also incompetent. Fooo0000lish UP/NPP Asante Akyem.