Ghana is Set To Construct A $ 60billion Petroleum Hub.
Ghana is a country in Africa that is officially known as the Republic of Ghana. It shares borders with the Ivory Coast in the west, Burkina Faso in the north, and Togo in the east, and spans the Gulf of Guinea and the Atlantic Ocean to the south. Located at Bonyere, Ghana's Western Region, plans are still in the works to turn Ghana, a crude oil exporter, into a petroleum hub in the sub-region by 2030. The center, which will be built in Ghana's Western Region, where the oil was discovered, is projected to cost roughly US$60 billion. Refineries, petrochemical plants, power plants, light industries, waste and water treatment facilities, storage facilities, and commercial and residential centers will all be located at the hub. Industry analysts believe that the hub should not only create jobs but also establish a sustainable means of refining local crude, create an environment for public-private synergies to flourish, and unify all three spheres of the petroleum industry: upstream, midstream, and downstream, with a location scouted and feasibility studies underway. The business sector has been encouraged to take part in the development and execution of policies that would make this ambition a reality. Africa Reloaded is a reimagined version of the continent of Africa. Join us on this journey across Ghana to learn more about the country.
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