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Business News of Wednesday, 26 June 2024

    

Source: Citi News

Tema and Takoradi ports drop in CPPI report for 2023

Shipping containers at the Tema Port Shipping containers at the Tema Port

In the 2023 Container Port Performance Index (CPPI), Ghana's major ports, Tema and Takoradi, experienced significant declines.

Tema Port ranked 376th out of 405 ports, down from 205th in 2022, while Takoradi Port ranked 274th, falling from 245th.

These rankings highlight the need for urgent improvements in port infrastructure and operations to boost Ghana’s trade efficiency and economic growth.

The CPPI report, compiled by the World Bank and S&P Global Market Intelligence, underscores the importance of modernizing infrastructure, streamlining processes, and adopting advanced technologies to enhance port performance and support the country's economic development.

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