The Minister of Energy and Green Transition, Dr John Jinapor, has reaffirmed the government’s commitment to building a credible, competitive and investor-friendly energy sector to attract investment and drive sustainable economic growth.
Dr Jinapor made the remarks in a Facebook post following bilateral meetings with key industry players on the sidelines of African Energy Week. The engagements brought together companies already operating in Ghana and prospective investors interested in exploring opportunities in the country’s energy sector.
“As a government, we are committed to building a credible, competitive and investor-friendly energy sector anchored on certainty, predictability and transparency,” he said.
According to the minister, participating companies commended Ghana’s economic turnaround over the past year and the government’s efforts to improve the investment climate in the energy sector.
“These principles are cardinal to strengthening investor confidence, fostering long-term partnerships and creating an enabling environment for sustainable investment and growth in the energy sector,” he added.
Ghana advances second phase of Petroleum Hub Project
In a related development, Dr Jinapor witnessed the signing of a partnership agreement between the Petroleum Hub Development Corporation (PHDC) and Global Sphere for Phase Two of the Petroleum Hub Project.
He described the agreement as a significant milestone in Ghana’s ambition to establish itself as West Africa’s leading energy hub.
The minister said the project would support industrialisation, attract investment, create employment opportunities and strengthen Ghana’s energy security.
Planned for development over five years, the project will feature a refinery with a capacity of 300,000 barrels per stream day, two petrochemical plants, storage facilities with a combined capacity of four million cubic metres, and a multi-berth jetty.
Dr Jinapor commended the stakeholders involved for their commitment and pledged to work closely with the PHDC to fulfil the government’s obligations and move the project from agreements to actual construction.
“You have my full support. I will engage the Minister of Finance and the Attorney-General. I will also bring on board the Minister of Lands and Natural Resources so that, together, we can guide this project and provide the necessary backing,” he said.
He also praised the PHDC, led by its Chief Executive Officer, Dr Toni Aubynn, for its efforts to advance the initiative.
The minister stressed the importance of providing the necessary institutional support to deliver the project, which forms part of President John Dramani Mahama’s broader ambitions for Ghana’s oil and gas sector.
PHDC targets implementation in 2026
Dr Aubynn described Dr Jinapor as a consistent supporter of the petroleum hub initiative and said the corporation had made implementation a priority for 2026.
He explained that the project was envisioned as a strategic national asset that would strengthen energy security, generate employment and reduce Ghana’s vulnerability to external economic shocks, including geopolitical tensions affecting global energy markets.
“We believed that the groundwork had been laid, that the partnerships were within our reach, and that the time had come to move from boardroom plans on paper to progress on the ground,” he said.
The government’s renewed engagement with energy companies and the advancement of the Petroleum Hub Project reflect its broader efforts to attract private capital, expand domestic industrial capacity and position Ghana as a major player in the regional energy market.
