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, President Akufo-Addo has said. The hub, he said, 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. In a significant move poised to reshape Ghana's energy landscape, President Nana Addo Dankwa Akufo-Addo broke the 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.