The government’s plan to establish Ghana as a leading energy hub in West Africa has taken another step forward following the signing of a partnership between the Petroleum Hub Development Corporation (PHDC) and Global Sphere for Phase 2 of the Petroleum Hub Project.
The Minister of Energy and Green Transition, Dr John Jinapor, who witnessed the signing ceremony, described the partnership as a significant milestone in the country’s ambition to strengthen its position in the regional energy sector.
He said the project would support industrialisation, attract investment, create jobs and enhance Ghana’s energy security.
Scheduled for development over five years, Phase 2 of the project will feature a refinery with a capacity of 300,000 barrels per stream day, two petrochemical plants, storage facilities with a combined capacity of four million cubic metres, and a multi-berth jetty.
Dr Jinapor commended the stakeholders involved for their commitment to advancing the project, stressing the need to translate the agreement into tangible progress on the ground.
He pledged the government’s support and said he would work with the PHDC and other relevant ministries to ensure the necessary obligations and institutional arrangements were addressed to facilitate construction.
“You have my full support. I will engage the Minister of Finance and the Attorney-General. I will also bring on board the Minister of Lands and Natural Resources so that, together, we can guide this project and provide the necessary backing,” he said.
The Minister also praised the PHDC, led by its Chief Executive Officer, Dr Toni Aubynn, for its efforts to move the initiative forward. He noted that the Corporation needed the full backing of relevant state institutions to deliver a project central to President John Dramani Mahama’s vision for Ghana’s oil and gas sector.
Dr Aubynn, in his remarks, described Dr Jinapor as a consistent supporter of the Petroleum Hub Project and said the Corporation had made implementation a priority for 2026.
He said the project was envisioned as a strategic national asset that would strengthen energy security, generate employment and reduce Ghana’s vulnerability to external economic shocks, including geopolitical tensions affecting global energy markets.
“We believed that the groundwork had been laid, that the partnerships were within our reach, and that the time had come to move from boardroom plans on paper to progress on the ground,” Dr Aubynn said.
The Phase 2 partnership marks another step in efforts to advance the Petroleum Hub Project, with the government expected to work with the PHDC and other stakeholders to move the initiative from agreements to construction.
