On April 14, 2025, Ghana presented its ambitious downstream oil and gas development strategy at the “Invest in African Energies: Accra Investor Briefing,” outlining a transformative plan to become West Africa’s first integrated petroleum hub.
Dr. Toni Aubynn, CEO of the Petroleum Hub Development Corporation, revealed the hub will be built in three phases from 2024 to 2036, starting with a 300,000-barrel-per-day refinery and petrochemical infrastructure to enhance fuel security and cut costs.
Ghana’s only existing refinery, the Tema Oil Refinery, is undergoing modernization to boost productivity and attract strategic partnerships and investment, according to Managing Director Dr. Yussif Sulemana.
To support these efforts, Bulk Oil Storage and Transportation (BOST) is investing in expanding storage, pipelines, and a new depot to strengthen national fuel distribution.
Kwaku Boateng of the Petroleum Commission stressed that local content is central to Ghana’s strategy, with initiatives ensuring Ghanaian participation in every petroleum value chain activity.
Meanwhile, David Pappoe from the African Energy Chamber called for collaboration between government and private sector to build the human capacity needed for global competitiveness.
The investor event also spotlighted Ghana’s readiness to attract local and international capital, setting the tone for more investment dialogue at the upcoming African Energy Week in Cape Town.
Ghana’s strategy not only aims at industrial growth but also seeks to alleviate regional energy poverty and create economic value through innovation and inclusiveness.