The Chief Executive Officer of the Petroleum Hub Development Corporation, Dr. Toni Aubynn, has reassured Ghanaians of the steady progress being made towards the development of the Petroleum Hub project in Jomoro in the Western Region of Ghana.
Speaking in an interview with Agya Kwabena on Critical Issues on UTV, Dr. Aubynn addressed concerns raised by sections of the public regarding the commencement of the project.
He explained that recent engagements with the Minister of Lands and Natural Resources, the Parliamentary Select Committee on Energy and the Minister of Finance have strengthened confidence that the project will soon see the daylight.
According to him, the strong commitment demonstrated by the President of Ghana, His Excellency John Dramani Mahama and other key stakeholders continues to reinforce the governmentโs determination to bring the project to fruition.
โLooking at the commitment from the President, our sector minister, Hon. Dr John Abdulai Jinapor, and other stakeholders, I am convinced that by June we should be able to complete the land acquisition process,โ he noted.
With the recent war in the Middle East, which has created tension around fuel prices, Dr Aubynn highlighted the strategic importance of this project as a symbol of energy security in Ghana.
He explained that once fully operational, the Petroleum Hub will have the capacity to store up to 10 million cubic metres of petroleum products, positioning Ghana as a more energy-secure nation and a key petroleum storage and distribution centre within the region.
In the quest for our economic growth, the petroleum Hub stands tall as it has the capacity to boost our GDP by 75%. This will not be just abstract numbers but a creation of over 750,000 job opportunities, both direct and indirect, a growth in the fiscal strength of the country and a future of energy security,” he said.
Dr. Aubynn further expressed appreciation to the Paramount Chief of the Nzema Traditional Area, Awulae Kwasi Armahchi III, for his continuous support and leadership in helping to advance the vision of the project.
He called on Ghanaians to rally behind the initiative, describing the Petroleum Hub as a transformative national project that will play a critical role in shaping Ghanaโs economic and energy future.
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 Africaโs 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 will be located in Jomoro, in Ghanaโs 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.
