Instagram
Call Skype
FaceBook
Send In Your Dedications
Status
On iTunes Radio
Instagram
Face Book
Ahenfie Radio Dedication
Server is UP
iTunes

Mpa Mu Nkommo now live on Ahenfie Radio every saturday's from 9pm to 11pm EST --------Ahenfie Radio App is Now on iTunes App Store and Google Play ... DOWNLOAD NOW !!!!!!!!!--------Boiling Point is Live on Ahenfie Radio every Tuesdays and Thusdays from 4pm to 6:30pm EST_ Is all Politics!!!!!! ------------ Akwantuo Mu Nsem is now in iTunes Podcasts !!!!!!!! -----AKWANTUO MU NSEM Live Every Sunday From 4pm to 6pm on Ahenfie Radio!!!!! ------ Mpa Mu Nkommo is now in iTunes Podcast !!!!!!!! .........Dial (712) 432-5342 to Listen to Ahenfie Radio Live on Any Phone at Any Time !!!!!!! .......... Mpa Mu Nkommo!!! on Ahenfie Radio Every Saturday From 9pm to 10pm,-------Ahenfie Radio is on ITunes Radio in International Genre -------- Ahenfie Radio Studio Line 203 654 7752------- Ahenfie Radio Your Kingdom Of African Music's

 

Welcome To Ahenfie Radio

The Kingdom Of African Music's

How to Listen To Ahenfie Radio

Ahenfie Radio News

Home Page

MPS Terminal 3 Adjusts Tariffs By 20%
By Ellen
Thursday - June 6, 2019 3:10 pm     Article Hits:423     A+ | a-
MERIDIAN PORTS Services (MPS) Limited has adjusted tariffs at its Terminal 3 by 20 percent.

A letter signed by Sunil Bansal, chief financial officer of Meridian Port Services, addressed to Michael Luguje, Director General of the GPHA, dated 24th May, this year, made this known.  

It said the tariff for Terminal 3 has been drawn in line with the provisions of the deed of amendment No.1 dated 12th June, 2015.

“The tariffs reflected in the attached sheet are adjusted by 20 percent as per the provisions of the agreement. “We would also like to bring to your attention that the actual payment by the customer will be done as per the clause 1.2 of the schedule 5 of the original concession agreement as reproduced hereunder.”

It further specified that “Every ship or vessel which berths in the concessionaires’ area shall pay in US dollars or equivalent convertible currency to the concessionaire the appropriate dues, rates and charge as specified in said schedules. Every shipper or consignee which uses the concessionaires services shall pay in US dollar or equivalent convertible currency to the concessionaire the appropriate dues, rate and charge as specified in the said schedule. Every ship or vessel or shipper or consignee which does not earn foreign exchange which berths or uses concessionaires’ services shall pay to the concessionaire the cedi equivalent of the appropriate dues, rates or charge as specified in said schedules.”

“Considering our Terminal Go Live plan of 28th June, 2019, we hereby request you to publish the tariff at your earliest.”

Meanwhile, an analysis of the impacts of the deed of amendment to the MPS concession agreement for the management of Terminal 3, which goes into effect in July this year, has projected a bleak future for the GPHA.

Based on highlights of the impact of MPS 3 Contract Terms on GPHA, and using the 2017 cargo/vessel traffic data, it said the volume of containers handled by GPHA and other licensed container handling companies would decline by at least 60 per cent. 

It said the labour and cargo handling equipment would thus be rendered idle.

Furthermore, it said revenue presently being earned by GPHA will decline. First of all, it said container stevedoring revenue will decline from $10.688 million to USD4.21 (-60.54%) while also container shore handling revenue will decline from $38.75 million to $17 million (-56% decline).

Furthermore, it said royalties revenue on MPS operations will decline from $24.12 million to $6.57 million (-73.67% decline); terminal area rent revenue from MPS terminal will decline from $826,000 to nil (-100%/zero); berth occupancy revenue from MPS terminal will decline from $1.915 million to nil (-100% /zero); port dues revenue on MPS container operations will decline from $29 million to 2.9 million (-90% decline); entry ticket/goodwill – one-off entry ticket which should be at least 5% of project cost would be lost, whereas in the MPS 2 concession agreement, $5million was paid as goodwill.

It warned that if the agreement was implemented unchanged, GPHA will among other things be in financial crisis in 2020, will have idle labour, space and equipment; will not generate enough revenue to pay salaries, service existing loans, to develop basic statutory port infrastructure.

The Inter-ministerial Committee which investigated the Concession Agreement for the MPS Terminal 3 also concluded that the agreement conceded too much business and revenue to MPS to the detriment of GPHA and Government of Ghana as a whole. The Committee therefore strongly recommended that the Agreement should be renegotiated.
 
 
 
 
Source: Daily Guide
 
COMMENTS (0)
Leave a Comment
* Name
* Email (will not be published)
*
Please, type the capital of Ghana below to prove you are not a spambot?
*
* - Required fields
 

 
 
 
Powered by Ahenfie Systems
2010 - 2017 -Ahenfie Radio - Ahenfie Multimedia - Ahenfie Enterprises