Kofi Ahovi

  The Executive Committee of the Board of Directors of African Export-Import Bank (Afreximbank) in Cairo has approved senior debt funding of US$50million for Prime Meridian Docks Ghana Limited (PMD). This is to form part of a US$75million syndicated project-finance facility for the company’s maritime infrastructure project. The funding is to support PMD to build and operate a world-class ship repair and maintenance facility in the port of Takoradi under a 25-year concession granted the company by the Ghana Ports and Harbours Authority (GPHA). The project when completed will comprise some 30,000 square meters of paved laydown area, a 200-meter jetty, modern workshops, offices, heavy marine equipment and a newbuild 13,500t lift-capacity handy-max size floating drydock. The ship repair facility when fully operational will create over 500 new jobs and positively impact the local and regional maritime economies. According to the project co-ordinator, Maria Ogbugo, the company is finalis...

Ghana’s leading messaging, payments and eCommerce provider, Hubtel, has extended its operations to the residents of the twin cities of Takoradi and Sekondi.  This follows the company’s successful launch in the Ashanti Regional capital of Kumasi in June 2021, and brings the number of cities it operates in to 4; Accra, Tema, Kumasi and now Takoradi. In an interview, Hubtel’s Head of Commercial and New Markets, Eric Akoto, revealed that “Sekondi-Takoradi was a very obvious choice for us. The city here has been growing very well in the past years. The city has a good vibe with a growing urban population and increasing number of retail businesses.”  Hubtel operates with the approval and regulatory supervision of the Bank of Ghana as an Enhanced Payment Service Provider and was recommended for a national award for its role in the digitization of Government of Ghana payment services through the Ghana.GOV payment platform.  Hubtel’s mobile app has become a very useful companion f...