The Ghana Ports and Harbours Authority (GPHA) is aiming to establish a Port Infrastructure Development Fund next year to limit dependence on foreign financing for port projects, the Director General, Michael Luguje, has said.
At a press soiree organized by the Transport Ministry in Ada, the GPHA boss said his outfit will be leveraging public private partnership schemes that will develop port infrastructure in a win-win approach.
Though he did not disclose much on details on the Fund, he said the GPHA is currently “doing less than 20 percent and revenues generated are not enough”.
He also indicated that the port’s revenue base has dwindled because of infrastructure, hence one of the reasons to set up the fund.
Looking the years ahead, Mr. Luguje said the authority intends streamline activities of state institutions operating at the ports and foster closer collaborations with service providers.
Mr. Luguje further hinted of a New Port Law and Regulations to streamline procurement of private licenses and concessionaires.
GPHA is mandated by law to build, plan, develop, manage, maintain, operate and control ports in the country.