The US$12 billion Lot One of Ghana’s Petroleum Hub Project is expected to generate approximately 780,000 direct and indirect jobs by 2036, as the Petroleum Hub Development Corporation (PHDC) and Touchstone Capital Partners (TCP) push ahead with plans to develop a major energy and industrial complex in the Western Region.
The partners said the project, which will be located in Jomoro, is designed to transform Ghana into a leading petroleum, petrochemical and industrial hub for Africa while creating extensive employment and business opportunities across the economy.
PHDC Chief Executive Officer Dr Toni Aubynn said the initiative is one of the largest industrial development projects on the continent and has the potential to significantly strengthen Ghana’s energy and manufacturing sectors.
He said the project would create jobs during both the construction and operational phases while supporting local content participation, technology transfer, skills development and the growth of Ghanaian businesses.
The project is also expected to attract substantial foreign direct investment, improve domestic refining capacity, enhance energy security and expand Ghana’s petroleum exports.
Touchstone Capital Partners Vice President Niccolò Ravano said the consortium remained committed to delivering the project and was implementing measures to ensure its successful execution.
He explained that the vision extends beyond petroleum infrastructure to the creation of a fully integrated industrial ecosystem that combines energy, petrochemicals, manufacturing, logistics, finance, technology and human capital development.
According to him, the proposed Ghana Integrated Energy and Industrial Hub could become a model for sustainable industrial development across Africa.
The reaffirmation by PHDC and TCP follows concerns raised about the progress of the project, with both institutions assuring stakeholders that investor confidence remains strong.
The integrated complex is expected to include three refineries with a combined capacity of 900,000 barrels per stream day, five petrochemical plants with a minimum combined capacity of 90,000 barrels per stream day, storage facilities with a cumulative capacity of 10 million cubic metres, and at least two jetties for petroleum imports and exports.
The partners said the project would strengthen regional energy security, deepen economic integration and create significant opportunities for local suppliers, manufacturers and service providers.
They added that the development could also support education, healthcare, technical training and community development initiatives as implementation progresses through its various investment phases.
