PSC Tema Shipyard has for some time been waiting on the government of Ghana to select a Strategic Investor (SI) to revamp the Yard into an ultramodern facility. Although this is the expectation of workers and managers, there has also been concerns that the move may result in some job losses, or the deal may not be favourable for Ghana and the workers of the Shipyard.

This and other issues were at the centre of discussions when the Hon. Kweku Ofori Asiamah and his team paid a working visit to the Tema Shipyard on the 2ndof May, 2019.

The Minister in his delivery assured management and staff that there would be no job losses when the Strategic Investor is finally introduced and takesover the governance of the Yard.

Hon. Asaimah said, government has realised that the Oil and Gas industry is growing rapidly and have been relying on other countries to produce the Floating Production Storage and Offloading (FPSOs) for importation into Ghana. He said that trend could not be allowed to continue while Ghana can boast of the Tema Shipyard as one of the largest Shipyards in West Africa, with the potential to do the fabrication of some parts of the FPSO’s.

According to him, the revamping of the Yard will enhance productivity and increased satisfaction for all stakeholders, because the Strategic Investor will not only bring financial support but technical and industrial experience as well.

In response to a question on when the SI will finally arrive, the Minister said, he cannot give a definite timeline since discussions are still ongoing between the Ministry of Energy and Aker Energy, the developers of the Pecan field in the Deepwater Tano Cape Three Points block.

The CEO, Capt. Francis K. B Micah expressed gratitude for the Minister’s visit and added that it has put to rest all doubts and worries associated with the schedules and implications of the Strategic Investor’s coming to revamp the Shipyard.