The Petroleum Hub Development Corporation has signed a $28bn investment agreement with an international investment consortium to build Phase 2 of Ghana’s Petroleum Hub Project at Jomoro in the Western Region. The project is expected to begin in the first quarter of 2027 and be completed in 2031, adding significant activity around a government-backed energy development.
An investment agreement, not a disclosed tender
The agreement records a commitment between the Petroleum Hub Development Corporation and an international investment consortium to develop the second phase of the project. That mechanism is different from a conventional public procurement contract, in which a public body buys defined works, goods or services from a supplier, often through a stated competition. The source does not describe a tender, award process, supplier shortlist or contract for public purchase. It therefore establishes the scale and intended direction of the investment, while leaving the procurement route and any packages for contractors, suppliers or professional services unspecified.
Project timetable and expected economic effect
Phase 2 is expected to commence in the first quarter of 2027 and reach completion in 2031. Chief Executive Dr Toni Aubynn said the wider project would reduce dependence on imported fuel, save foreign exchange and create jobs operating round-the-clock, linking the development to the government’s 24-Hour Economy programme. The Petroleum Hub Project was first proposed in 2020 under the Petroleum Hub Development Corporation Act. When all phases are completed, it is expected to create over 700,000 direct and indirect jobs.
Consortium pledges compliance and skills development
Bou-ba-car Belco Bah, representing the investment consortium, pledged collaboration with the Petroleum Hub Development Corporation to deliver the project within the stipulated time frame. The consortium also said development would follow Ghanaian laws and regulations and appropriate international standards. Its stated priorities include technology transfer, local capacity building and skills development for Ghanaian professionals, alongside work, safety, community protection and long-term sustainability. These commitments describe the proposed delivery principles, but the source does not set out measurable obligations, monitoring arrangements or the allocation of individual works.
Government support is part of the delivery equation
Energy and Green Transition Minister Dr John Jinapor said he had asked for a meeting to discuss how the government could support the objective and create an enabling environment for delivery. His comments place government facilitation alongside the consortium’s investment commitment and PHDC’s role in developing the hub. For businesses tracking future opportunities, the distinction matters: the signing signals a major project moving towards implementation, but further information would be needed on approvals, construction packages, qualification requirements, competition and the terms under which public or private entities may be appointed.
| Fact | Details |
|---|---|
| Investment agreement | $28bn |
| Project phase | Phase 2 of the Petroleum Hub Project |
| Location | Jomoro, Western Region |
| Expected start | First quarter of 2027 |
| Expected completion | 2031 |
| Expected jobs across all phases | Over 700,000 direct and indirect jobs |
Industrial progress must be measured by work and safety, community protection and long-term sustainability.
WHY IT MATTERS
The signing indicates substantial activity around a government-backed energy project, but it is not itself evidence of a disclosed public tender. Future procurement opportunities will depend on the project’s delivery structure, approvals and any competitions or appointments that follow.
Reported from myjoyonline.com, 2026-10-19. The Tender Wire is published by Otnox.
