Ghana’s $60 billion petroleum hub project, to be sited in Jomoro in the Western Region of the country, has received the backing of environmental and petroleum regulatory bodies, pledging speedy issuance of permits to investors who want to invest in the project.
The National Petroleum Authority (NPA), Environmental Protection Agency (EPA), and Land Use and Spatial Planning Authority (formerly Town and Country Planning) have all affirmed their commitment to the project.
The petroleum hub, which is spearheaded by the Petroleum Hub Development Corporation (PHDC), is expected to establish four refineries with a total capacity of 600,000 barrels per day and petroleum chemical industries.
In a bid to attract both local and foreign investors, the government has declared the petroleum hub area, which covers 20,000 acres of land, as a free zone enclave. This means that prospective investors will enjoy tax holidays and other incentives.
more details coming……
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