Afripoli

Ghana closes $137 million financing for Takoradi ship repair dock

12 November 2026

Prime Meridian Docks Ghana reached financial close on 10 November for a $137 million floating dry dock and ship repair yard at Takoradi port, at a ceremony attended by President John Mahama. The yard will service vessels up to 200 metres long under a 25-year concession from the Ghana Ports and Harbours Authority, and its first phase is due within 18 months. Equity comes from the Private Infrastructure Development Group (PIDG) and the ARM-Harith Infrastructure Fund; lenders led by the African Export-Import Bank include the African Development Bank. Ships working in the Gulf of Guinea now sail to Walvis Bay or Las Palmas for dry-docking, so the yard could keep repair spending and foreign currency in the region.

Energy & Industry · Tags: Ghana, Prime Meridian Docks Ghana, Ghana Ports and Harbours Authority, Private Infrastructure Development Group, ARM-Harith Infrastructure Fund, African Export-Import Bank, African Development Bank

Related Ghana shortlists seven firms to partner on Keta port 9 November

Sources

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