Tema Shipyard is now fully owned and operated by the Ghanaian government. This confirmation came from Peter Mensah, Deputy CEO of PSC Tema Shipyard, during an interview on Adwenekasa on Original TV. He explained that the shipyard is not only focused on repairs and maintenance. It also supports shipbuilding and fabrication, which makes it a major hub for Ghana’s industrial and maritime growth.
PSC Tema Shipyard was established in 1965 by Ghana’s first President, Kwame Nkrumah, and fully commissioned in 1970. For many years it was managed by the state and became an important center for shipbuilding and repairs. Over time the facility faced serious operational challenges. By the early 2000s, the shipyard was close to collapse because many skilled workers had retired or passed away, leaving a gap in expertise and manpower.
In an effort to save the shipyard, operations were transferred to a Malaysian company called PSC. They managed the facility for several years. However, the government later realized that the expected industrial results were not being achieved, and that full control was needed for the shipyard to meet national goals.
Between 2012 and 2016, during the Mills and Mahama administrations, the government of Ghana bought all shares from the Malaysian company. This made PSC Tema Shipyard one hundred percent state owned. The move restored complete national oversight and allowed the country to manage the shipyard according to its long term industrial and maritime objectives.
According to Deputy CEO Peter Mensah, the shipyard now serves as a center for training, innovation, and local expertise. Under full Ghanaian control, PSC Tema Shipyard delivers shipbuilding, repairs, and fabrication services for clients across West Africa. Mensah noted that the shipyard is more than a business. It is a strategic national asset that supports the economy and strengthens Ghana’s maritime influence in the region.
Today, PSC Tema Shipyard stands as a symbol of Ghana’s industrial capability. With Peter Mensah in a key leadership role, the facility continues to create jobs, build local skills, and position Ghana as a strong force in West Africa’s maritime space. Its continued focus on shipbuilding and fabrication reflects the country’s renewed commitment to industrial and maritime excellence.
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