President Nana Addo Dankwa Akufo-Addo has cut sod for the commencement of the construction of Ghana's $60 billion petroleum hub at Nawuley in the Jomoro municipality of the Western Region. Located on a 20,000 acres land with a coastline, the hub will be the leading integrat­ed petroleum complex created to add value to the upstream and downstream oil and gas value chain on the continent. To be executed in three phases between 2024 and 2036 the integrated hub will house a complex web of onshore and offshore ancillary assets not limited to only refineries, petroleum plants, and storage tanks. The first phase estimated at $12 billion would focus the construction of a 300,000 barrels per day (bpd) refinery, 90,000 bpd petrochemical plant, three million cubic metres storage facility, and a jetty with port infrastructure. Partners for the first phase of the project are the TCP UIC Consortium which com­prises Touchstone Capital Group Holdings Limited, UIC Energy Ghana Limited, China One Engineering Company Limited, and China Construction Tech Engineering Bureau Company Limited.