A $12 billion investment, dubbed the “Petroleum Hub Project,” will be a game changer for Ghana’s role in Africa’s energy sector. A groundbreaking ceremony was held in mid-August to begin the first phase of construction. Once all three phases are complete the facility will house a 300,000-barrels-per-day refinery, a petrochemical plant, storage and port facilities. Upon completion, the Petroleum Hub Project will support activity within the establishment of a new Jomoro Petroleum Hub Development Corporation, which plans to train 200,000 residents to enter the industry. The project itself is set to create 780,000 direct and indirect jobs within the region.
|