Jomoro Petroleum Hub: Akufo-Addo directs release of GHC200m to compensate communities to be affected

President Akufo-Addo has directed the Finance Ministry to release GHC200 million as compensation to communities affected by Phase One of the Jomoro Petroleum Hub Development project.
Speaking at the sod-cutting ceremony in Nawuli, a Jomoro Municipality of the Western Region, he expressed optimism that the project will address challenges in the energy sector.

The Jomoro Petroleum Hub project aims to create a leading integrated petroleum complex, adding value to the upstream and downstream oil and gas value chain in Africa.
Upon completion, the 20,000-acre hub will feature refineries, petrochemical plants, storage tanks, and other assets, transforming the petrochemical industry on the continent.

The project is expected to generate $1.56 billion in export taxes by 2030, increase GDP by 70%, and create over 780,000 jobs.
At the sod-cutting ceremony for Phase One of the project, President Akufo-Addo instructed the Finance Ministry to release GHC200 million to compensate affected communities.

The Minister of State in charge of Energy, Herbert Krapa, was optimistic the petroleum hub will elevate Ghana’s energy sector to the next level.

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