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President Akufo-Addo breaks ground on $12 Billion Petroleum Hub Project
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.
The Ghana High Commission in Pretoria has advised Ghanaians living in South Africa to remain vigilant and take precautionary measures ahead of planned protest activities expected on June 30.
In a public advisory issued on Monday, June 29, the Mission urged Ghanaian nationals to prioritise their safety following a deadline announced by a group known as “March and March” and its affiliated organisations, which could lead to demonstrations and disruptions in parts of the country.
The High Commission advised Ghanaians to stay indoors, especially in central business districts, transport hubs, informal trading areas and other locations where protests may occur.
It encouraged them to temporarily close their businesses where necessary and avoid unnecessary movement until the situation stabilises.
The Mission further urged members of the Ghanaian community to avoid confrontations or provocative discussions, including on social media, and to ensure that their passports, residence permits and other identification documents were readily available at all times.
According to the High Commission, emergency telephone lines have been activated to provide assistance and receive reports from Ghanaians who may require help during the period.
It encouraged Ghanaians to remain calm, obey the laws of South Africa and cooperate fully with local authorities.
The Mission advised them to rely only on information from credible official sources and avoid sharing unverified reports or rumours that could create unnecessary panic.
The Ghana High Commission assured the Ghanaian community that it would continue to monitor developments and provide updates when necessary, adding that it remained committed to protecting the welfare of all Ghanaian nationals in South Africa.
By: Jacob Aggrey
The New Patriotic Party (NPP) has criticised the government’s handling of the flooding that hit parts of Accra and surrounding communities on Monday, urging it to move beyond what it described as public relations activities and take decisive action to address the country’s flood challenges.
In a press release issued on June 29, the party expressed sympathy to thousands of people affected by the floods but maintained that the government had failed to respond effectively to the recurring disaster.
The NPP noted that communities including the N1 Highway, Apenkwa, Achimota, Kaneshie, Weija, Spintex, Darkuman Junction and the Kwame Nkrumah Interchange were flooded after heavy rains.
According to the party, these communities have experienced flooding repeatedly over the years, making it necessary for government to adopt long term solutions.
The NPP argued that the current administration had created confusion by splitting responsibility for flood management between the Ministry of Local Government and the Ministry of Works, Housing and Water Resources.
It claimed that the arrangement had resulted in poor coordination, with the two ministries competing over responsibilities instead of working together to address the problem.
The party questioned the decision to place Deputy Chief of Staff Stan Dogbe in charge of coordinating flood response efforts.
According to the NPP, he does not have the authority to direct ministers, making the current command structure ineffective.
The opposition party further alleged that some anti flood measures announced by the government had either not been implemented or had been poorly executed.
It claimed that delays in the release of funds for flood mitigation programmes had affected ongoing interventions.
The NPP rejected recent comments by President John Dramani Mahama that flooding was partly caused by poor environmental practices and indiscipline among some citizens.
It argued that while public cooperation was important, the government should take responsibility for designing and implementing effective flood management policies.
The party called on the President to place flood management under one ministry, appoint a single minister to lead the response, and provide a public account of the work and spending of the Anti Flood Task Force.
It also urged the government to work closely with Metropolitan, Municipal and District Assemblies and technical experts to improve land use planning, sanitation management and drainage infrastructure.
The statement, signed by the NPP General Secretary, Justin Kodua Frimpong, stressed that the party would continue to hold the government accountable while standing with families affected by the floods.
By: Jacob Aggrey
