Ghana has commenced development of West Africa’s first integrated petroleum hub, a strategic infrastructure project designed to enhance regional energy security, cut petroleum costs, and attract significant local and international investment.

The multi-phase project, spanning to 2036, broke ground this year with Phase One, which includes a 300,000-barrel-per-day (bpd) refinery, a 90,000-bpd petrochemical plant, storage tanks, and marine port infrastructure.

Dr. Toni Aubynn, CEO of the Petroleum Hub Development Corporation, highlighted investment opportunities at the recent Invest in African Energies: Accra Investor Briefing, stating, “Our aim is to build three refineries and five petrochemical plants. Ghana is leading the way, and we are prioritizing local investors.”

Ghana’s sole operational refinery, Tema Oil Refinery, is undergoing modernization to enhance efficiency. Its Managing Director, Dr. Yussif Sulemana, noted that both capital and expertise are needed for long-term growth.

Supporting infrastructure is also expanding. Bulk Oil Storage and Transportation (BOST) plans to double its barge fleet, extend pipelines, and build new storage facilities. Technical Advisor Nana Amoasi emphasized a commitment to fuel security through diversification and infrastructure investment.

The Petroleum Commission is focused on ensuring local content in every aspect of the industry. “Local content is key to a stable oil and gas sector,” said Kwaku Boateng, Director of Economics and Local Content.

Despite progress, capacity building remains a challenge. David Pappoe of the African Energy Chamber stressed the need for collaboration and workforce development to compete globally and combat energy poverty.

The briefing in Accra served as a precursor to the African Energy Week conference, slated for September in Cape Town.