Citi News<\/strong>, the MP noted that, Ghana has a stake in the MPS structure, but said he was privy to information indicating that \u201c the shares of the\u00a0government of Ghana have been diluted.\u201d<\/p>\n[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>\nIn 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
![\"tema-port-harbour1\"](\"http:\/\/citifmonline.com\/wp-content\/uploads\/2014\/08\/tema-port-harbour1.jpg\")
<\/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":[],"categories":[5,11],"tags":[5135,3,1012,5136,5137],"yoast_head":"\n
MP calls for probe into MPS' shareholding structure with Gov't - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/03\/mp-calls-for-probe-into-mps-shareholding-structure-with-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MP calls for probe into MPS' shareholding structure with Gov't - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"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. 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