Chief Govt Officer of the Petroleum Hub Growth Company (PHDC), Dr. Tony Aubynn, has highlighted the transformative potential of the Petroleum Hub undertaking, describing it as a game-changer for Ghana’s socio-economic improvement.
Chatting with the media after a gathering with the Western Regional Home of Chiefs on March 24, 2025, Dr. Aubynn emphasised that the conclusion of PHDC’s goals would revolutionize Ghana’s vitality sector, considerably enhancing the upstream, midstream, and downstream segments of the petroleum business.
“Ghana stands getting ready to a serious breakthrough in its ambition to turn out to be a hub for refining and processing petrochemical merchandise in West Africa,” he said.
“This undertaking, masking roughly 20,000 acres, shall be a devoted area for petroleum infrastructure, together with refineries, petrochemical industries, and tank farms for petroleum storage.”
Dr. Aubynn underscored the hub’s immense potential to spice up industrialization, create value-added petroleum merchandise, and generate financial alternatives on an unprecedented scale. He famous that the undertaking—set to be the primary of its variety in Africa—is not going to solely reshape Ghana’s vitality panorama but in addition place the nation as a strategic participant within the continent’s oil and gasoline sector.
He revealed that over 700,000 direct and oblique jobs are anticipated to be created upon the undertaking’s completion and operationalization, bringing immense financial advantages to the nation.
Dr. Aubynn additionally counseled President John Dramani Mahama for his unwavering dedication to making sure the undertaking’s success.
“The President is absolutely devoted to creating this a actuality. Whereas we acknowledge the challenges, we’re resolute in our dedication to see this undertaking by way of. If accomplished, it will likely be a real game-changer for Ghana, and the President has assured us of his full assist,” he said.
The Western Regional Home of Chiefs, led by its President, Nana Kobina Nketiah IV, expressed sturdy assist for the initiative and confidence in Dr. Aubynn’s management. The chiefs acknowledged the financial advantages the hub would convey to the Jomoro Municipality and the Western Area at massive.
In regards to the PHDC
The Petroleum Hub Growth Company (PHDC) is envisioned as a world-class built-in petroleum complicated designed so as to add worth throughout Africa’s upstream and downstream oil and gasoline worth chains.
Upon completion, the hub will span over 20,000 acres, internet hosting a community of onshore and offshore property, together with refineries, petrochemical crops, and storage services, set to redefine the continent’s petrochemical business.
The undertaking is predicted to create 780,000 jobs all through its improvement and operational phases, considerably boosting Ghana’s financial system. By 2030, it’s projected to generate an export tax income of $1.56 billion, contribute to an estimated 70% GDP development, and drive large-scale industrialization throughout the nation.
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