• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

$1.5 billion Tema Port expansion project France’s biggest investment in Ghana – Ambassador Sophie Ave

4 years ago
in Business, highlights, Home, home-news, latest News, Maritime, Trade
2 min read
0 0
0
530
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

$1.5 billion Tema Port expansion project France’s biggest investment in Ghana – Ambassador Sophie Ave

French Ambassador to Ghana, Anne Sophie Ave, has said France’s biggest investment in Ghana was through the over $1.5 billion Tema Port Expansion project facilitated by French company Bolloré Transport & Logistics and APM Terminals with support from the World Bank’s International Finance Corporation (IFC).

Making the assertion in an interview on Accra-based Joy News monitored by norvanreports, Ambassador Ave stated Ghana is an attractive investment destination for French countries.

“The $1.5 billion investment in the Tema Port expansion project with Bolloré Transport & Logistics investing over $500 million with support from the World Bank is our [France] biggest investment in Ghana. The country has a good business climate and is an attractive investment destination on the continent for French companies,” she stated.

The Tema Port is operated by the Meridian Port Service (MPS), a joint venture between the Ghana Ports and Harbours Authority (GPHA) and Meridian Port Holdings, with Bolloré Transport & Logistics and APM Terminals as the two main shareholders.

The Tema Port lies along the Gulf of Guinea and has a water-enclosed area of 1.7 million square metres and covers a total land area of 3.9 million square metres. 

The Port has 5 kilometres of breakwaters, 12 deepwater berths, one oil-tanker berth, one dockyard, warehouses, and transit sheds.

RelatedPosts

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Read: New ADB Board charged to continue bank’s focus on Agriculture financing

The harbour serves both as a loading and unloading port for goods. It also serves as a major transit point for goods from land-locked countries to the north of Ghana. It also handles trade for industrial and commercial companies that import and export various goods such as petroleum, cement, food, metals, textiles.

Tema handles about 12 million tonnes of cargo a year.

Speaking on the trade ties between France and Ghana, Ambassador Ave noted Ghana is a very strong trade partner to France especially in light of the African Continental Free Trade Agreement (AfCFTA).

Adding that Ghana in 2020 earned over 200 million euros in trade surplus from trading with France.

“Ghana earned over 200 million euros as surplus in trade balance last year and this is because imports from France decreased by 6% and exports from Ghana to France increased by 30%,” she noted.

“At the moment France and the EU are in partnership to deepen trade ties with Ghana,” she added.

Source: norvanreports
Tags: $1.5 billion Tema Port expansion project France's biggest investment in Ghana - Ambassador Sophie AveAFCFTAAnne Sophie AveFrench Ambassador to GhanaghanagphaMPSTema portWorld Bank's International Finance Corporation (IFC).
No Result
View All Result

Highlights

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Specialised Financial Courts to Prosecute Persons Indicted in Auditor General’s Annual Report, Says President Mahama

Top 50 Mining Companies Surge to New Record Near $2 Trillion Valuation

Trending

Banking & Finance

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach Shareholders of GCB Bank PLC may have to...

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

October 21, 2025

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.