Port policy overhaul: Gov’t targets efficiency and revenue growth
In a policy review meeting with Ghana Institute of Freight Forwarders at the Jubilee House on Friday, 11th July, 2025, President Dramani Mahama unveiled an ambitious plan to transform Ghana’s port operations, addressing long-standing inefficiencies that have hindered economic growth.
The government’s strategy centers on modernizing port infrastructure, with a massive $10 billion investment over five years. This includes expanding the Takoradi port and improving road networks to enhance cargo movement.
“We want to make Ghana the preferred transit destination for our landlocked neighbors,” the President stated, highlighted the critical role of efficient port operations in regional trade.
Key challenges emerged during the discussion, including revenue collection shortfalls at the Tema port and controversial shipping line administrative fees.
The government pledged to investigate these issues, with the Minister of Finance and Transport tasked with plugging revenue leakages and ensuring fair charging practices.
A significant focus was the 24-hour economy policy, with plans to operationalize continuous port services. The government also aims to address technical challenges with the ICONS system, which has been plagued by frequent downtimes.
He underscored economic indicators show promise, with currency stabilization and decreasing inflation rates suggesting positive momentum.
President Mahama disclosed that, the half-year economic report, set to be presented on July 24th, is expected to provide further insights.
“Once the economy is back on the path of growth, every sector benefits,” the President emphasized, signalling a comprehensive approach to economic revitalization.
The meeting highlighted the government’s commitment to transforming port operations, streamlining tax systems, and creating a more competitive economic environment.
