Ghana’s $60 billion Petroleum Hub project offers attractive fiscal incentives to investors, including a 10-year tax-free period from the start of production, the chief executive of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, said.
Speaking at Africa Oil Week 2026 in Accra, Aubynn said the project had been structured as a free zones development, with investors enjoying a 100% tax exemption during construction and the first 10 years of production, after which they would pay a 15% tax rate.
He contrasted the incentives with those available in Ghana’s upstream petroleum and mining sectors, which attract tax rates of about 35%.
The PHDC is open to various investment models, subject to negotiation, including public-private partnerships (PPPs), build-own-operate-transfer (BOOT) arrangements and joint ventures (JVs), Aubynn said.
The models are intended to ensure mutually beneficial outcomes for Ghana and investors, he added.
The petroleum hub is divided into three lots — Lot One, Lot Two and Lot Three — and is expected to be completed within 10 years. Full development of the project is expected to inject about $60 billion into Ghana’s economy, Aubynn said.
He cited Ghana’s political stability, international standing, strategic location for the movement of goods and services and potential for port development as factors that make the country an attractive investment destination.
Aubynn also said the PHDC had received interest from several investors seeking to build a new port to serve the petroleum hub since the *disruption of shipping through the Strait of Hormuz.
He urged other investors interested in the project to come on board.
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