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I agree. There have been so many false dawns for WSG that PF really needs this to be nailed on...belts and braces job
I kind of hope that Invest can get back in. It’s such unfortunate timing otherwise.
Concur ..
“ The Company will update the market further on this important managed services contract once the contracts are signed “
DHC: Hatrick? And who needs to be patient? I’ve been here 7 years. Patience is not an issue
I have nothing but faith....but there is chance that the price falls from here before the RNS....that could take weeks. That’s why I’m feeling a little nervous short term about my little top up this afternoon
I think we may get an RNS next week confirming today's news which unlocks the deal for WSG and then another RNS in December confirming that the contract has been signed.
So will the 20% go to the old Terminal under GPHA? Surely not two operators at the new terminal 3?
Looking very nicely poised now. At last.
You can't finalise your contract term if the contract above has not been fully determined - would you want PF to force the issue and risk a long term relationship just cause some peeps staring at a screen all day are bored?
Nothing to do with balls - its doing business within a set of circumstances
Lets hope they get the Takoradi port contract signed before they start any work, absolutely no reason not to, get some balls PF.
to expand - if your system is backed up with accurate records and scans etc, if the smell doesn't come form your end, by default it comes from the teamsters bit.
You never know, they may realise there's a little trap and do things properly - win/win either way
The African's - they're a funny bunch.
That's the point - once any crap starts, they can trace it back and within a short space of time, all will come back to the fold - its brilliant.
So let me get this straight a new hi-tec semi-autonomous port is built to minimise human interference along with the dodgy dealing/ tax dodges/ theft etc that goes with it to have some processing of containers going on in tandem based on the old system that allowed such dealings to go on? I wonder which Terminal those drug filled containers end up at? A quick back hander to and off we go. Systems are only as good as there weakest link. Basically all that has been put in place is pointless.
Absolutely crazy deal they have agreed to as who will be blamed when the the dodgey dealings continue? Would be like Trumps wall with a hundred yard section missing. Unbelievable.
Surely very good news?
Am I right in thinking that the 20% they are referring to are all the smaller ships? So when everything is built and the huge ships come in they’ll all be scanned by wsg.
Quite surprised this had been conceded and still has to get past mps shareholders so not out of the woods yet.....
looks like 20% less scanning work but the fees will be 15% higher....the key take out is they have done a deal which means WSG and MPS can finalise the terms of the contract
Does anyone know if this means we will lose 20% of the Tema business or will WSG be scanning for both parties ?
Tema - cheers for post, convinced me to chuck another £2k in.
The management of Meridian Port Services (MPS), the concessionaire for the Tema Port, has agreed to cede 20 per cent retention of container cargo volumes to the Ghana Ports and Harbours Authority (GPHA).
This is to enable the port authority to have a minimum level of business to forestall the job losses that would have come with the total control of handling and other port activities in the hands of the concessionaire.
As a compromise, a proposal to increase port tariffs which was rejected by the port community in September this year will be granted the developer to enable it to recoup the investment cost within the agreed period, sources close to discussions between a government delegation and representatives of shareholders of the MPS consortium have told the Daily Graphic.
The sources said the agreement came after a crunch meeting between the government delegation and representatives of shareholders of the MPS consortium in Dubai last Tuesday.
The government side was represented by the Minister of Transport, Mr Kwaku Ofori Asiamah; the Board Chairman of the GPHA, Mr Peter Mac-Manu; the Director-General of the port authority, Mr Michael Luguje, and the Director of the Tema Port, Ms Sandra Opoku.
The sources said the investor was represented at the negotiations by the Chief Executive Officer (CEO) of the MPS, Mr Mohammed Samara, and his management team; Meridian Port Holdings (MPH), Bollore Logistics and APM Terminals.
“The GPHA has finally got the 20 per cent container cargo handling request. Paperwork will be done by the middle of next week for final discussions, approval and signature by the close of the month or in December and we hope labour agitation will cease,” they said.
Positive step
Mr Mac-Manu confirmed the meeting to the Daily Graphic and indicated that the negotiations were not the first, as there had been a previous renegotiation of GPHA’s share of 30 per cent in the project, which he said was shrunk to 15 per cent when the project came alive.
However, he said, the Dubai meeting was taken seriously by both parties, considering that the project remained a viable investment, adding: “All parties agreed that there was the need to get on with the partnership in an atmosphere of peace and harmony.”
He said following the deliberations, the MPH agreed to take a serious view of the GPHA’s request for 20 per cent container handling, and “for us at the GPHA, it is a positive step”.
Mr Mac-Manu said pending the decision of the leadership of the MPS shareholders, the partners would work out all issues for final approval within a month.
Cease industrial actions
A memo from the Office of the Director-General of the GPHA to its workers, a copy of which the Daily Graphic has seen, entreated the workers’ union to remain calm and avoid any agitation, while the authority awaited the outcome of the November 12 meeting in Dubai.
“As you are already aware, much as the pace has been slow, the negotiations have made si