The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated the newly constituted Board of the Petroleum Hub Development Corporation (PHDC). The PHDC is a government initiative aimed at developing Ghana’s petroleum industry and positioning the country as a major energy hub in the sub-region.
The members of the Board are: Mr. George Blay-Morkeh (Chairman), Dr. Toni Aubynn, Esq. (Ag. CEO), Mr. David Ampofo, Mr. Francis Tettey-Sackey, Esq., Dr. Patrick Ofori (CEO of Chamber of Bulk Oil Distributors), Mr. Abednego Akuteck, and Dr. Mizpah Ama Dziedzorm Rockson.
According to the Minister, the inauguration advances the government’s commitment to building a vibrant, competitive, and fully integrated petroleum hub for Ghana and the sub-region.
“I charged the Board to take bold steps in attracting and onboarding strategic investments across the entire energy value chain. From storage and refining to transportation and supporting infrastructure, the opportunities are vast and PHDC must play a catalytic role in unlocking them,” Minister Jinapor said.
Ghana already serves, in many ways, as an energy hub for the sub-region, with the distribution of power and petroleum products flowing through the country to neighbouring states.
The work of PHDC will further position Ghana to harness this strategic advantage and transform it into sustained economic growth.
The PHDC is a government-led, private sector initiative aimed at developing over 20,000 acres of land in the Jomoro area in the Western Region into a petroleum hub, which will comprise three refineries, each with a minimum capacity of 300,000 barrels per stream day.
Additionally, the hub will have five (5) petrochemical plants, each with a minimum processing capacity of 90,000 barrels per stream day, as well as two jetties with multiple berths.
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