Ghana Land Compensation Delays Construction of $60 Billion Jomoro Petroleum Hub
Construction of Ghana's $60 billion Jomoro Petroleum Hub is currently stalled due to unresolved land compensation issues with local residents. The project, which aims to transform the nation into a regional energy powerhouse, has been scaled down in size to address community concerns.
Why it matters
The project is a major infrastructure investment for West Africa, and its delay highlights the complexities of land rights and community relations in large-scale industrial development.
email facebook linkedin twitter Whatsapp Land compensation remains the final obstacle preventing construction of the first phase of Ghana's planned $60 billion Jomoro Petroleum Hub.
The first phase includes a 300,000-barrel-per-day refinery , a petrochemical plant, storage facilities and a marine terminal, with construction expected to last five years.
The project aims to transform Ghana into a regional refining and export hub serving West Africa, where more than 90% of fuel demand is still met through imports.
Ghana has yet to begin construction of its planned Jomoro Petroleum Hub, nearly two years after launching the flagship project that aims to become one of Africa's largest integrated oil and petrochemical complexes.
The Petroleum Hub Development Corporation (PHDC), the local company responsible for developing the project, disclosed the delay on Friday, July 17.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in