Petroleum Hub project expected to create over 780,000 jobs – CEO

Charles Owusu, Chief Executive Officer of the Petroleum Hub Development Corporation, has emphasized the transformative potential of the Petroleum Hub Project in Jomoro in the Western Region.

Speaking at the 2024 Local Content Conference and Exhibition, organized by the Petroleum Commission on October 3, 2024, Mr. Owusu highlighted the project's significant impact on Ghana’s energy sector and local communities.

During a panel discussion on "Developing a Regional Gas Market for a Sustainable Energy and Petrochemical Industry in Ghana," Mr. Owusu discussed the corporation's efforts to attract exploration and production investments to bolster local content in the industry.

He stressed that the development of the Petroleum Hub goes beyond building infrastructure — it is about creating opportunities for local businesses and ensuring that Ghana's natural resources benefit its people.

"We are not just constructing a Petroleum Hub, we are creating opportunities for local businesses, and ensuring the benefits of our resources reach our communities," Mr. Owusu stated.

He revealed that the project is expected to create over 780,000 direct and indirect jobs, providing a major boost to employment in the region.

Additionally, the Petroleum Hub is set to promote value addition in agriculture and energy security, while empowering local enterprises and creating new pathways for economic growth.

The project, according to Mr. Owusu, will play a critical role in the sustainable development of Ghana’s energy and petrochemical industry, attracting investment, driving economic growth, and positioning the country as a leader in the regional gas market.

The conference brought together key stakeholders from the petroleum sector, with discussions focusing on advancing local content, boosting investment, and fostering a sustainable energy industry in Ghana.