[contextly_sidebar id=”h7CcAuxipKgIZQI3q7Y8kHZtkgsZZLLI”]He further expressed fears that government could lose a lot of revenue if indeed the state\u2019s shares in the venture have been diluted.<\/p>\n
Mr. Boamah thus said he wants government “to take the necessary steps to call for a thorough forensic investigation into the circumstances leading to the dilution of the shares of Ghana in MPS.\u201d<\/p>\n
“I believe it is a prosperous venture, and the shareholding government, looking at the revenue that comes to the port will help the government achieve its objective under the Akufo-Addo administration.\u201d<\/p>\n
The MPS currently carries out key services in the country\u2019s ports and harbour space including the Tema Port expansion project.<\/p>\n
MPS dealings with Ghana<\/strong><\/p>\n In 2004, the government of Ghana signed a contract with the Meridian Port Services Limited to run the Tema Port on a 20-year concession agreement.<\/p>\n The MPS is a joint venture between the Ghana Ports and Harbours Authority and Meridian Port Holdings Limited, which is in turn, a joint venture with Bollor\u00e9\u00a0Group and APM Terminals \u2013 a subsidiary of Maersk – as the two main shareholders.<\/p>\n The joint venture share comprises Bollor\u00e9 35%; APM Terminals 35%; and Ghana Ports & Harbours Authority 30%.<\/p>\n As part of the concession agreement, MPS was to invest in the Tema Port, expand facilities and make it a productive national asset.<\/p>\n –<\/p>\n By: Delali Adogla-Bessa\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Member of Parliament for Okaikoi Central, Patrick Yaw Boamah, believes a forensic investigation into the shareholding structure of the Meridian Port Services Limited (MPS) is needed. Speaking to Citi News, the MP noted that, Ghana has a stake in the MPS structure, but said he was privy to information indicating that \u201c the shares […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[5,11],"tags":[5135,3,1012,5136,5137],"class_list":["post-302131","post","type-post","status-publish","format-standard","hentry","category-general","category-top-stories","tag-diluted-shares","tag-ghana-news","tag-ghana-ports-and-harbours-authority","tag-meridian-port-services-limited","tag-tema-port-expansion-project"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/302131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=302131"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/302131\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=302131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=302131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=302131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"tema-port-harbour1\"](\"http:\/\/citifmonline.com\/wp-content\/uploads\/2014\/08\/tema-port-harbour1.jpg\")
<\/p>\n