Ghana’s ports activities decline by 7.3% – Canada Ghana Chamber of Commerce

Ghana’s ports activities decline by 7.3%

Economic activities measured by container traffic at both Tema and Takoradi ports – declined by 7.3 percent in first quarter 2020, according to the quarterly bulletin released by the Bank of Ghana.

Container traffic recorded at the two ports recorded a total of 166,685 first quarter this year compared to traffic of 179,727 recorded during the fourth quarter of 2019.
Year-on-year, however, total container traffic increased by 12.6 percent from 166,685 in first quarter this year 2020 to 148,022 for the first quarter of 2019.

According to the report, the relative improvement in port activities may be attributed to an uptick in international trade activities during the period under review.

Since 2016 second quarter, economic activities at the ports had been recording container traffic averagely between 140,000 to 160,000 containers per quarter until a sharp rise during the fourth quarter of last year.

However these statistics were derived before the arrival of the coronavirus pandemic in Ghana in late March, just as the first quarter was about to end and so the data is not influenced by the Impact of the viral outbreak.

In fact, the novel Coronavirus Disease (Covid-19) Pandemic has had debilitating effects on all business and economic activities. Despite the virus gradually dying down in some parts of the globe, economic recovery still remains dim.

Since the virus struck late first quarter 2020, it is expected that container traffic at Ghana’s ports has further declined in the second and third quarters of 2020.

About 85 percent of Ghana’s trade is done through the ports with shipping routes and vessel calls to and from all continents through both direct and transshipment services.

Ghana’s ports receive an average of over 1511 vessel calls per year. These comprise container vessels, general cargo vessels, tankers, Ro-Ro and cruise vessels amongst many others.


Latest Posts

Government will partner mining industry for economic transformation – Minister

December 01, 2020

Ghana’s Tema LNG project hits financial close

December 01, 2020

Delta wins record 10th Business Travel News award on strength of pandemic response, people-first approach

December 01, 2020

Ghana, Ivory Coast face off with global markets cocoa buyers over LID

December 01, 2020

Ghana Gas fails to pay $942m debt owed GNPC

December 01, 2020

Ghana 2020/21 cocoa arrivals down 10.4% by Nov. 5 – COCOBOD

December 01, 2020

Gov’t urged to make informal sector more productive—CGCC

October 30, 2020

Canada donates 30-seater buses to agric colleges

October 30, 2020

GIPC records US$785m in FDI in H1… as investments begin to rebound

October 30, 2020

Roof over our heads – 204 Housing units built in 9 months

October 30, 2020

UK extends GH¢3.34 million support to local pharmaceutical companies

October 30, 2020

Chirano Mines donates maths sets to all 7,000 BECE candidates in its catchment location

September 30, 2020

How Delta Set the Standard for the Airline Industry’s COVID-19 Response

September 30, 2020

COCOBOD secures US$1.3bn syndicated loan for 2020/21 cocoa season

September 30, 2020

Govt grapples with fiscal deficit pressures

September 30, 2020

BoG index points to economic recovery

September 30, 2020

Gov’t calls on IPPs to expedite conclusion of power negotiations

September 30, 2020

Ghana’s ports activities decline by 7.3%

August 31, 2020

Ghana anticipates US$10bn boost to economy from aluminum trade

August 31, 2020

Kosmos Energy losses US$199m in Q2 2020

August 31, 2020



Platinum Members