By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Herald ghanaThe Herald ghana
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Reading: Gov’t Forces GPHA to throw US$33.3 million into wobbly Boankra project
Share
Aa
The Herald ghanaThe Herald ghana
Aa
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Search
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Follow US
  • Advertise
Copyright © 2022 The Herald Ghana. All Rights Reserved
Major 1Politics

Gov’t Forces GPHA to throw US$33.3 million into wobbly Boankra project

J N
Published November 4, 2022
Share
2 Min Read
SHARE

In what can best be described as robbing Peter to pay Paul, the hands of the Ghana Ports and Harbours Authority (GPHA) have been twisted to cough a colossal amount of US$33.3 million into Ashanti Ports Services Ltd (APSL), the concessionaire of the Boankra Integrated Logistics Terminal Project.

The amount which has already been transferred to the private entity, represents part payment for the authority’s approximately 39percent compulsorily acquired shares valued in the region of US$49 million.

The transfer of the US$33.3 million by the authority, was as a result of a recent cabinet/ministerial directive.

The payment, has set minds confused as to what at all necessitates the misplaced priority forced on the GPHA and triggered several questions such as;

Who is this private concessionaire to warrant the cabinet and ministerial directive for the authority to divert part of its equity in the Meridian Ports Services (MPS) to prop up the concessionaire?

More Read

Gov’t Forces GPHA to throw US$33.3 million into wobbly Boankra project

GPHA to handle 20% container traffic from Aug. 1

Who are the shareholders of Ashanti Ports Services Ltd (APSL) and the ports Authority’s direct benefits?

The survival of the Boankra Inland Port, depends on the existence of the Eastern rail line from Tema to Kumasi which dream is nowhere.

It is public knowledge that workers of the Ghana Railway Authority, a few days ago, raised alarm over what they termed as dying authority due to the neglect.

At worst, it is going to be that cargoes from the Tema Port would be transported by road to the concessionaire with little attention to what occurs to the eastern rail line.

Indeed, many for this and other reasons, feel that the ports authority have flushed the whooping sum in the drain because the financial strength of the unknown shareholders of Ashanti Ports Services Ltd (APSL), is invisible.

Some have also suggested that the Akufo-Addo government, has reduced GPHA to a guinea pig for the intended inland port.

More to come!

You Might Also Like

Gov’t Forces GPHA to throw US$33.3 million into wobbly Boankra project

GPHA to handle 20% container traffic from Aug. 1

J N November 4, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Cry0
Happy0
Surprise0
Angry0
Wink0
Previous Article Akufo-Addo’s brother confess to using presidential jet
Next Article NPP rebel MPs lose honour again! …softened with goodies
Leave a comment

Leave a Reply Cancel reply

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

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -
Ad imageAd image

Latest News

Historians must document all the human rights violations under the watch of Prez Nana Addo
Major 2 Politics September 23, 2023
Former Bantama MP dies aged 49
General Major 1 September 23, 2023
Where is our democracy going? – CHRAJ boss slams untouchable EC, Supreme Court
General Major 1 September 22, 2023
Stop lecturing us- Guinea’s junta leader tells UN
Major 1 World September 22, 2023
CurrencyRate

You Might also Like

Major 1Politics

Gov’t Forces GPHA to throw US$33.3 million into wobbly Boankra project

November 4, 2022
Business

GPHA to handle 20% container traffic from Aug. 1

July 19, 2022

Copyright © 2022 The Herald Ghana. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?