Business News of Wednesday, 10 April 2019
Source: classfmonline.com
2019-04-10
Dr. K.K Sarpong is CEO of GNPC
The Ghana National Petroleum Corporation (GNPC) has spent an amount of $8.5million to buy a-two-hundred-thousand acre of land located at Takoradi in the Western region.
The plot will be used to establish a petroleum hub, according to the company’s work plan sent to the Mines and Energy Committee upon request by the Parliamentary caucus.
The company has also budgeted $50million for co-investment with a selected partner to establish a company in a selected area (oil refinery fertiliser plant, petrochemical industry, petroleum tank farm etc) in the Western region to attract investors to the petroleum hub.
Below is the breakdown of GNPC’s budgeted $50million investment in petroleum hub
