Project Shiprite Set to Begin Construction of $137M Takoradi Facility

[By PIDG]

Project Shiprite has marked a major step forward for Ghana’s maritime sector. On 10 November 2026, government, industry, and project partners gather in Takoradi to mark financial close and the start of works on a new integrated ship repair and maintenance facility at Takoradi Port. The financial close and commencement of construction event was presided over by the President of the Republic of Ghana, H.E. John Dramani Mahama.

The approximately USD 137 million development will add modern commercial ship repair and dry-docking capacity in the Gulf of Guinea. Once operational, the facility is expected to support up to 430 direct jobs and create opportunities for skills development, local businesses, and suppliers. Alongside a USD 9.7m equity and shareholder loan investment made earlier this year through PIDG’s project development and investment solution, InfraCo, Project Shiprite will be supported by a USD 300,000 grant from PIDG's technical assistance facility for a 24-month Gender Impact Enhancement Programme. The programme aims to increase women's participation in the facility's technical workforce through targeted skills development, professional certification, practical industry exposure, and gender-responsive workplace integration.

A Ghanaian-led, internationally supported investment, the project is being developed by Prime Meridian Docks Ghana Limited under a 25-year concession from the Ghana Ports and Harbours Authority and is backed by a consortium of local and international investors, including PIDG. Bringing together Ghanaian institutional capital, development finance and international investment, Project Shiprite demonstrates the scale of partnership needed to deliver strategic infrastructure and long-term economic growth.