Takoradi Dry Dock Project Secures £101 Million UK Investment

A UK-backed investment of £101 million has been confirmed for the Takoradi dry dock project. This funding will establish a major ship repair and dry docking facility in Takoradi Port. The announcement was made at the Ghana-UK Investment Summit in London on Monday, June 1, 2026. British High Commissioner Christian Rogg stated this is the largest investment yet by the UK-backed Private Infrastructure Development Group (PIDG) in Ghana.

The project is projected to create up to 430 jobs, with a specific target for women to fill approximately 30 per cent of these roles. This investment aims to bolster Ghana's maritime industry. It seeks to position the nation as a significant center for ship repair and related services within the West African sub-region.

President John Dramani Mahama highlighted the project's importance for industrial development, particularly in the western part of the country. He noted that industrial investment has historically concentrated in the east, around Tema. This initiative supports a broader strategy to spread industrial growth nationwide. The Western Region is seen as having substantial untapped potential for economic expansion. The dry dock facility is described as a potential "jewel in the West" for shipbuilding.

The British High Commissioner also detailed other initiatives to boost UK investment in Ghana. These include the UK-Ghana Growth Partnership, connecting Ghanaian projects with international investors. Additionally, a Green Project Preparation Facility is being developed with the Ghana Infrastructure Investment Fund. This facility could unlock an estimated £180 million in infrastructure deals over the next three years. The UK intends to deepen its economic links with Ghana through investments in key sectors like infrastructure, energy, agribusiness, education, and technology. Over the past two decades, UK foreign direct investment in Ghana has resulted in more than 670 projects, generating over 44,000 jobs.

The Takoradi dry dock project has been in development for several years. It is part of a larger plan to create a ship repair and maintenance hub on the Gulf of Guinea. The new £101 million investment is expected to speed up the project's completion. It will support government efforts to attract foreign capital into infrastructure and export-oriented industries. Upon completion, the facility is anticipated to increase economic activity at Takoradi Port. It will further Ghana's goal of becoming a leading maritime services center in West Africa.