PHDC, Touchstone Capital Partners reaffirm commitment to US$12bn Petroleum Hub Lot 1 project

The Ghana Integrated Petroleum Hub, which will be developed in Jomoro in the Western Region, is structured as a multi-phase project aimed at making the country a petroleum, petrochemical, logistics and industrial gateway for West Africa under the African Continental Free Trade Area (AfCFTA).

Integrated industrial ecosystem PHDC and Touchstone Capital Partners said the Petroleum Hub is being developed beyond a single energy facility, with plans to integrate manufacturing, finance, education, healthcare and digital infrastructure into the wider industrial ecosystem.

According to Niccolò Ravano, Vice President of Touchstone Capital Partners, the project is designed to make Ghana one of Africa’s leading integrated energy and industrial economies through industrialisation, innovation and regional cooperation.