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Tema Shipyard Cabinet gives GHPOHA control over Tema Shipyard

The decision which was taken at the 41 meeting of cabinet, is expected to help the Tema Shipyard attract the needed investment to build enough capacity to build FPSOs for the  oil and gas sector in Ghana.

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Tema Shipyard and Dry Dock Company play

Tema Shipyard and Dry Dock Company

The Transport Ministry has been directed to transfer control of the PSC Tema Shipyard and Dry Dock Company Limited to the Ghana Ports and Harbours Authority, according to a statement issued by the Ministry of Communications and copied to Pulse Business.

The decision which was taken at the 41 meeting of cabinet, is expected to help the Tema Shipyard attract the needed investment to build enough capacity to build FPSOs for the  oil and gas sector in Ghana.

READ MORE: Ghana Maritime Industry Tema Shipyard to shut down if...

Cabinet also sanctioned the Petroleum Ministry’s takeover of an offshore mooring facility from Trafigura.

Under the agreement that has no encumbrances at the end,  the ministry  is to transfer the facility to the Tema Oil Refinery (TOR) after  fifteen (15) years, something that is expected to reposition TOR  as a leader in the petroleum downstream sector.

Here is the full statement released by the Ministry of Communication:

Cabinet has directed the Ministry of Transport to hand over the operations of the PSC Tema Shipyard and Dry Dock Company Limited (PSCT) to the Ghana Ports and Harbours Authority (GPHA). Cabinet took the decision at its 41st Meeting chaired by President John Dramani Mahama. Government expects that, with this decision, the Tema Shipyard would in the long term attract the needed resources to venture into the building of Floating Production, Storage and Offloading (FPSO) Vessels for the oil and gas industry even as it continues to provide services to the ports and harbours and related sectors in the short to medium term. Cabinet also approved at its 41st Meeting the takeover of an offshore mooring facility from Trafigura, free from encumbrances, at the end of the concession by the Ministry of Petroleum. The Ministry will thereafter transfer the facility to the Tema Oil Refinery (TOR) for its use over a period of fifteen (15) years. This is part of government’s initiatives to comprehensively reposition TOR in Ghana’s downstream petroleum sector to offer regular supply of petroleum products to Ghanaians and our neighbouring countries. The decisions taken to transfer the PSC Tema Shipyard to the Ghana Ports and Harbours Authority and the provision of a mooring facility for the use of Tema Oil Refinery are expected to contribute significantly to efforts being made to create more jobs through diversification and value addition to our raw materials. The mooring facility, which is a loading buoy anchored offshore, will also serve as a point of interconnection for tankers loading or offloading gas or liquid petroleum products. Other decisions taken by Cabinet are the approval of an Affirmative Action Bill and a $97,450,000 financing for the second tranche of the modernization of the Kumai Central Market and Kejetia Infrastructure Projects. Issued in Accra on Monday June 13, 2016 Ongoing works to modernize the Kumasi Central Market and the Kejetia Infrastructure Project being worked on by three hundred and forty (340) workers has reached an advance stage and will provide a modern and befitting environment for traders and their customers particularly women who regularly visit the market. The Affirmative Action Bill seeks to advance and ensure women empowerment with the view to according females the enabling and progressive environment in Ghana. President Mahama urged all Ghanaians including, Traditional and Religious Leaders, Civil Society Organisations (CSOs), Non-Governmental Organisations (NGOs), Workers, Academia and Students to support the passage of the bill as it makes its way to parliament for consideration and approval. “Considering the progress Ghana has made in her democratic journey, the Affirmative Action Bill is deemed to be appropriate, responsive, fit for purpose, progressive and long overdue”, President Mahama said during the discussions on the Bill.

 

Edward OMANE BOAMAH (DR.)

MINISTER FOR COMMUNICATIONS

ACCRA

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