The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has presented the Petroleum Hub project to Singaporean investors as Ghana’s strategic initiative to establish itself as a leading force in Africa’s energy industry, specifically in the downstream sector.
During an in-depth presentation at the Singapore-Ghana Dialogue on Thursday, August 28, 2025, held on the sidelines of the Africa-Singapore Business Forum, Mr. Madjie elucidated the transformative potential of the Petroleum Hub project.
He described the initiative as a pivotal development in Ghana’s energy landscape, projecting the creation of approximately 700,000 job opportunities.
Mr. Madjie highlighted that the Petroleum Hub Development Corporation (PHDC), under the leadership of Dr. Toni Aubynn, operates a streamlined and investor-friendly system designed to facilitate seamless investment processes.
Dr. Toni Aubynn, also in attendance at the dialogue, capitalised on the opportunity to engage with business executives and prospective investors from Singapore.
Leading a distinguished PHDC delegation, Dr. Aubynn is spearheading efforts to promote the Petroleum Hub project to Singaporean and, by extension, Asian investors, with the goal of securing the necessary capital for its development.
The Dialogue provided Singaporean businesses and their executives with direct insights from Ghana’s leadership on the nation’s economic reform agenda, investment priorities, and its strategic role as a gateway to the African continent.
About the PHDC
The Petroleum Hub Development Corporation (PHDC) was established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053) to lead the development of a world-class petroleum and petrochemical hub in Ghana. The hub is intended to serve the energy needs of the West African sub-region and the broader continent.
PHDC aims to promote innovation, research, and strategic infrastructure development to meet Africa’s growing demand for petroleum products and services. By creating an integrated petroleum value chain, the Corporation seeks to unlock economic opportunities, foster industrial growth, and create sustainable employment for Ghanaians and citizens across Africa.
About the Petroleum Hub Project
The Petroleum Hub Project, estimated at $60 billion, will be located in Jomoro, in Ghana’s Western Region. The hub will comprise:Three refineries with a total capacity of 900,000 barrels per stream day (BPSD),
Five petrochemical plants with a minimum capacity of 90,000 BPSD. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
