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 “ the shares of the government of Ghana have been diluted.”
He further expressed fears that government could lose a lot of revenue if indeed the state’s shares in the venture have been diluted.
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.”
“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.”
The MPS currently carries out key services in the country’s ports and harbour space including the Tema Port expansion project.
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.
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 Bolloré Group and APM Terminals – a subsidiary of Maersk – as the two main shareholders.
As part of the concession agreement, MPS was to invest in the Tema Port, expand facilities and make it a productive national asset.
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(Via: CitiFM Online Ghana)
