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President Akufo-Addo breaks ground on $12 Billion Petroleum Hub Project
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In a significant move poised to reshape Ghana’s energy landscape, President Nana Addo Dankwa Akufo-Addo has broken ground on the first phase of the ambitious Petroleum Hub Project.
The ceremony, held on August 19, 2024, in Nawule, Jomoro, Western Region, marks the commencement of a transformative journey aimed at creating a modern, diversified, and financially sustainable energy economy for the country.
The Petroleum Hub Project, which carries an estimated total cost of $12 billion, is designed to elevate Ghana’s standing as a key player in Africa’s energy sector. The hub, which will be developed in three independent phases, is set to include a 300,000 barrels per day (bpsd) refinery, a petrochemical plant, and extensive storage and port facilities. The project’s scale and ambition highlight Ghana’s commitment to addressing its energy challenges and leveraging its resources for long-term growth.
During the groundbreaking ceremony, President Akufo-Addo expressed his optimism about the project’s potential to transform Ghana’s economy. “Today is a very good day for our homeland, Ghana. This project promises to be a cornerstone of our nation’s development, ensuring that all Ghanaian homes and industries have access to reliable, affordable, and environmentally sustainable energy.”
The President underscored the strategic importance of the project, noting that it would not compete with existing refineries in the region but rather complement them, with a focus on serving the African Continental Free Trade Area (AfCFTA) market. The hub is expected to create approximately 780,000 direct and indirect jobs, stabilize the national currency, and stimulate local economic development.
President Akufo-Addo also highlighted the environmental considerations embedded in the project, emphasizing the incorporation of cutting-edge technology and green buffers to support local fauna and flora.
The President directed the Ministry of Energy to ensure the training of 200,000 skilled, semi-skilled, and unskilled Ghanaians in preparation for the project’s takeoff, with a significant portion of these workers coming from the Jomoro area.
“We envision a facility that will be a benchmark for crude and petroleum product pricing in Africa,” he stated, stressing the project’s alignment with global environmental sustainability standards.
The first phase of the project, led by the TCP-UIC Consortium, represents a crucial step towards achieving Ghana’s energy goals. The consortium, comprising several international and local partners, has been chosen for its technical expertise and financial capacity to deliver on the project’s ambitious timelines. President Akufo-Addo assured the consortium of the government’s full support, stating, “Your success is our priority.”
In addition to the economic and environmental benefits, the project is expected to have a profound social impact, particularly in the Jomoro enclave. The President announced the allocation of GH¢200 million by the Ministry of Finance for land compensation to affected communities, recognizing the generous contributions of the Chiefs and people of Jomoro who have offered their land for the project.
President Akufo-Addo commended their dedication and collaboration, which have been instrumental in bringing the project to fruition. He called on all stakeholders to unite in making the Petroleum Hub Project a reality, emphasizing its importance for future generations.
The project is also expected to lead to the establishment of the Jomoro Petroleum Hub Development Corporation (JPHDC), with its headquarters in Jomoro.
The groundbreaking ceremony was attended by key stakeholders, including government officials, traditional leaders, and representatives from the private sector.
As Ghana embarks on this bold initiative, the Petroleum Hub Project stands as a testament to the nation’s determination to achieve energy independence, economic diversification, and sustainable development.
MTN Ghana has undertaken a tree-planting exercise at the Chipa Forest Reserve as part of its commitment to protecting the planet and support the restoration of degraded sections of the forest.
The activity forms part of the company’s 2026 Sustainability Month celebration held under the theme “Small Actions: Big Impact,” and its 30th anniversary celebration.
It was held in partnership with the Forestry Commission (FC) and the Rainforest Alliance with MTN Ghana supporting the restoration of approximately two hectares of degraded forest through the planting of 1,666 trees.
Due to the current dry weather conditions, 833 trees were planted during the exercise, with the remaining 833 to be planted when the rain commences.
The exercise brought together MTN employee volunteers, officials from the Forestry Commission and representatives of the Rainforest Alliance, demonstrating the importance of collaboration in driving environmental sustainability.
Speaking at the event, the Acting General Manager for Sustainability and Shared Value at MTN Ghana, Georgina Asare Fiagbenu, emphasized the critical role trees play in sustaining life and protecting the environment.
“Trees are essential to human survival and healthy ecosystems. They absorb carbon dioxide, release oxygen, regulate temperatures, protect soil, support biodiversity and provide habitats for many species. They also conserve water, reduce erosion and help communities adapt to the effects of climate change,” she said.
The District Manager of the Tema-Ada Forest Services Division of the Forestry Commission, Linda Ansah, welcomed MTN Ghana’s support, describing it as a valuable contribution to efforts aimed at restoring degraded sections of the reserve.
The Country Director of the Rainforest Alliance, Nicholas Jengri, also welcomed the partnership and emphasised the importance of collective action in addressing environmental challenges.
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The Ministry of Education (MOE) has warned students, parents and guardians against fake and digitally manipulated Computerized School Selection and Placement System (CSSPS) placement slips being circulated on social media.
The MOE said it had detected attempts by some unscrupulous individuals to digitally alter placement slips and circulate them online with claims that students’ original school placements had been changed by the Ministry.
A statement signed by Mr Hashmin Mohammed, the Press Secretary to the Minister of Education issued to the Ghana News Agency on Tuesday, described the claims as “false and misleading.”
It said preliminary internal verification had established that some of the placement slips being circulated did not correspond with records generated from the official CSSPS platform.
The statement noted that discrepancies had been identified in the barcodes and QR codes appearing on some of the purported placement slips.
“The codes did not match the placement information displayed on the documents being circulated as evidence of alleged changes,” it added.
The Ministry’s system records and audit logs did not support the claims being made by individuals circulating the materials, the statement said.
“The evidence available to the Ministry indicates that the affected documents have been digitally manipulated or otherwise altered to create the impression that students’ placements have been changed.”
It described the alleged manipulation as a serious attempt to undermine public confidence in the CSSPS process and create confusion and anxiety among students, parents and guardians.
The statement indicated that the Ministry had referred the matter to the Cyber Security Authority and other relevant security agencies for further investigation and appropriate action. It urged the public to exercise caution and avoid sharing unverified placement slips or claims about placement changes on social media.
Parents, guardians and students have also been advised to rely only on placement information obtained through official CSSPS channels.
The Ministry reaffirmed its commitment to ensuring that the 2026 CSSPS exercise was conducted with transparency, fairness, integrity and accountability, adding that legitimate concerns regarding placement would be investigated through the appropriate channels.
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