Government seeks $165m to complete operational phase of Boankra Integrated Logistics Terminal

The Ashanti Regional Minister, Dr. Frank Amoakohene, announced that the government is seeking $165 million to finalize the operational phase of the Boankra Integrated Logistics Terminal. This multi-sectoral approach to funding is necessary as the government has taken over the project after the original concessionaire failed to meet its obligations.

Phase one of the project, responsible for making the port functional, is 65% complete, but contractors are waiting for funding to finish the remaining work. Dr. Amoakohene highlighted the importance of this project, stating it will benefit various institutions and is crucial for improving the economy, decongesting the Tema and Takoradi ports, and boosting trade in Northern Ghana.

The contractor, JUSTMOH Construction, estimates the remaining $165 million is required to complete the project in record time. Over the past 18 months, the government has struggled to fulfill its financial commitments, prompting the Regional Minister to engage with key stakeholders including the Asantehene, President, and Transport Minister.

The completed major civil works include a bonded warehouse, mechanical workshop, and fire station, with the bulk of the Phase One yard now paved. Despite assurances from the contractor, JUSTMOH Construction is facing financial difficulties, with suppliers now pressing for payment. The Ghana Shippers Authority (GSA) has also appealed to the government for support to complete the project, emphasizing its significance to the country's economic growth.