Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah
In fulfilment of his earlier pledge to champion the Petroleum Hub project, the Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah, showcased the initiative to Canadian investors as a prime example of Africa’s commitment to addressing energy sector challenges through innovative solutions.
During a roundtable discussion on the sidelines of the Global Energy Show in Calgary, Canada, Gyan-Mensah presented the Petroleum Hub project, emphasising its role as a transformative endeavour aimed at bridging critical gaps in Africa’s energy ecosystem.
He highlighted that, despite Africa’s abundant hydrocarbon reserves, the continent lacks a comprehensive infrastructure project that integrates the refining, storage, and transportation of petroleum and petrochemical products.
He explained that the Ghanaian government, through the development of the Petroleum Hub in Jomoro, Western Region, aims to address this deficiency while generating substantial employment opportunities for its citizens.
Highlighting the planned construction of refineries, petrochemical plants, jetties, and other facilities within the hub, Hon. Gyan-Mensah encouraged Canadian investors to seize the myriad investment opportunities the project offers and urged their active participation.
He emphasised that Ghana’s Petroleum Hub represents a pivotal opportunity to strengthen bilateral relations between Canada and Ghana, fostering transformation in both nations’ energy and economic landscapes.
“In Ghana, we are pioneering a new concept—the Petroleum Hub. Across Africa, there is no dedicated hub for petroleum products.
“Countries like Nigeria, Gabon, Equatorial Guinea, Ghana, and Ivory Coast produce oil, yet other continents, which do not produce petroleum, have established hubs. We have taken it upon ourselves to develop a hub that serves not only Ghana but the entire African sub-region.
“This presents a significant opportunity for Canadian companies. The project requires $60 billion to fully materialise. Beyond refineries, the hub will encompass the entire petroleum ecosystem, including fertiliser factories, gas processing plants, and more,” he stated.
In an earlier address, Gyan-Mensah underscored Ghana’s readiness to partner with Canada to revolutionise its energy sector.
“Ghanaian companies should position themselves as strategic partners, offering local expertise, access, and a commitment to long-term sustainability,” he said.
“Let the connections forged by CEOs in Calgary serve as a launchpad for Canada-Ghana green energy collaborations. Our partnership must prioritise collaboration over competition, fostering innovation, shared expertise, technology transfer, and mutual dedication.
“It should drive economic growth in harmony with environmental stewardship. Ghana is prepared, and the future is sustainable. Let us collaborate, innovate, and transform our energy future. Together, Canada and Ghana can lead the way.”
GA