Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, has issued a strong appeal to Ghanaian investors to seize the transformative opportunities offered by the Petroleum Hub project.
Speaking during a panel discussion at the Invest in African Energy: Accra Investor Briefing, under the theme “In-Country Value Creation in Ghana’s Energy Sector,” Dr. Aubynn emphasized the critical role of local participation in advancing Ghana’s energy ambitions.
He observed that local investors often hesitate to engage in large-scale, capital-intensive projects—an approach he urged them to reconsider, particularly in light of the Petroleum Hub’s vast potential.
“The investment opportunities in this sector are not only attractive but also pivotal to Ghana’s economic transformation,” he stated.
Dr. Aubynn explained that the Petroleum Hub is structured around Build, Own, Operate, and Joint Venture models, making it essential for both local and foreign investor involvement. He encouraged Ghanaians not to let this opportunity slip by.
“We are counting on investors—especially local ones—to develop this vital industry. Too often, Ghanaians shy away from major projects and later regret when foreign investors take the lead. At PHDC, we are determined to ensure meaningful local participation—as both investors and beneficiaries of the hub’s outputs.”
Outlining the scale of the project, Dr. Aubynn described it as the first of its kind in Africa, with plans to construct three oil refineries, five petrochemical plants, tank farms, and jetties for ship berthing.
“This is a bold and unprecedented development that positions Ghana at the forefront of Africa’s energy transformation. We have a responsibility to deliver this vision—and we are resolute in our commitment.”
He reassured stakeholders that PHDC is committed to creating an enabling environment for investment—from securing permits to facilitating regulatory support.
“This hub will generate lasting value for Ghanaians, ensuring both investors and consumers benefit from its outputs,” Dr. Aubynn concluded. “At PHDC, we are fully committed to seeing this vision through.”
