$330 million secured for Boankra Inland Port project
The Government of Ghana has secured a $330 million funding to complete the Boankra Inland Port, which has stalled for eighteen years.
Dubbed the Boankra Integrated Logistics Terminal (BILT), it was initiated by the Ghana Shippers Authority (GSA) and the Ghana Ports and Harbour Authority.
The concessionaire is Ashanti Port Service Ltd; a consortium consisting of Afum Quality Limited of Ghana and DSS Association of South Korea.
The Ghana Government, with support of other stakeholders will seek to position BILT as a central hub for the movement of goods within Ghana and across the borders into neighboring countries such as Burkina Faso, Mali and Niger.
Addressing the gathering, the Minister for Transport Mr. Kwaku Ofori Asiamah revealed that the project will create up to 3000 direct jobs and over 60,000 indirect jobs.
He continued that it will help decongest the Tema Port; enhance Ghana’s role as a transit corridor to landlocked neighboring countries; enhance socio-economic and commercial development and also promote trade facilitation.
Ms. Benonita Bismarck, Chief Executive Officer (CEO) of Ghana Shippers’ Authority expressed appreciation to the overlord of the Ashanti Kingdom, Otumfuo Osei Tutu II, for giving out a 413-acre parcel of land located 27 kilometers from Kumasi in the Ashanti region.
She lauded the Ashanti King for rallying behind them since 2003 (17 years) for the BILT to see the light of the day, adding that the project seeks to extend port services to the northern.
H.E. Sungsoo Kim, the Ambassador of the Republic of South Korea in Ghana, expressed appreciation for the partnership Ghana has made with Korea.
Addressing the function, which was attended by Asantehene Otumfuo Osei Tutu II, President Akufo-Addo expressed appreciation to the former for supporting BILT to see the light of the day.
President Akufo-Addo noted the BILT is a brainchild of former President John Agyekum Kufuor, however, it stalled when there was a change of government.
He revealed that the concessionaire, APSL and DSS Association of South Korea are poised to invest 330 million USD for the realisation of the project.
The president urged the concessionaire not to renege on the project as Ghana is seeking to be self-reliant.