New Ghanaian investors acquire Takoradi off-dock container terminal
A consortium of Ghanaian investors has acquired the off-dock container terminal at the Takoradi Port, giving assurance that it will provide the needed logistics and trade infrastructure to boost trade in the country over the next five years.
Known as the Tacotel off-dock container terminal, developed by Ibistek, a local Ghanaian company, with financing from CalBank, it has been acquired because the developer defaulted on the credit facility extended by the bank.
The Head of Recovery, CalBank PLC, Joel Nandan, said the acquisition was made possible through a deed of cession that allowed the financing bank to sell and transfer ownership of the property in the event of a loan default.
The new Ghanaian owners, he said, were now set to revamp and reposition the off-dock terminal as a hub of trade and industrial activity along the country’s Western corridor for the benefit of the region and the metropolis.
Benefits
On the benefits of the new move, Mr Nandan said the investment was expected to create employment opportunities and deliver meaningful economic benefits to the local community.
The new owners acknowledged CalBank for its vision in financing the original project and assured the bank that their team is dedicated to delivering long-term value through the renewed initiative.
On its ability to be a strategic boost for trade and industry, Mr Nandan said “this change in ownership marks a major step toward unlocking the region's trade potential.
Located adjacent to the Port of Takoradi, the terminal is poised to benefit from increased cargo traffic driven by ongoing expansion works at the Port of Takoradi.”
It includes 53 hectares of reclaimed land, deeper berths accommodating larger vessels, and enhanced throughput capacity.
The Off-dock terminal is expected to help decongest the main port, enabling smoother cargo handling and improving operational efficiency,” he said.
The Western Region is poised for dynamic growth in logistics and trade infrastructure over the next five years, following a major shift in the ownership of the Tacotel off-dock container terminal.
This strategic development is expected to catalyse significant improvements in the region’s supply chain and port-related services.
Hub for businesses
The facility holds strong potential for diversified revenue streams, including warehousing services for cocoa and semi-processed cocoa products.
This positions the terminal as a vital link in Ghana’s agribusiness value chain.
Additionally, its location makes it an attractive site for industrial development, including the establishment of a fertiliser plant to serve the mining and agricultural sectors.
According to the new owners, there were plans to introduce cold storage infrastructure to support the export of perishable goods.
With increasing demand for temperature-controlled storage and minimal competition, this presents a compelling investment opportunity with immediate export market potential.
The terminal is well-suited for expansion into a fully integrated third-party logistics (3PL) platform.
Future developments could include bonded and general warehousing, freight forwarding, last-mile distribution and on-site customs services.
The new owners of the off-dock terminal view the acquisition as more than a logistics facility; it is a strategic asset within West Africa’s emerging trade corridor.
