Petroleum Hub Development Corporation

Also known as: PHDC

Petroleum Hub Development Corporation — entity developing Ghana's integrated petroleum hub project with international partners, signed $28 billion deal with Global Sphere consortium for Phase Two in 2026.

2026-05-052026-10-21

News reports

Order a long-term news report on Petroleum Hub Development Corporation

Every mention in the Ghanaian press over the period you choose, compiled as a PDF or Word document.

In coverage

Verbatim sentences from the source article.

October 2026
20 OctJoy Online
A US$28-billion agreement signed between the Petroleum Hub Development Corporation (PHDC) and an investment consortium led by Global Sphere of the United Arab Emirates has rekindled optimism across the Ghanaian and broader African energy sectors that the continent’s pursuit of en …
$28bn Lot 2 MoU ‘resurrects’ hope and confidence in Ghana’s Petroleum Hub project
20 OctJoy Online
… 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. …
Energy Ministry woos investors as PHDC signs Global Sphere deal for Petroleum Hub Phase Two
20 OctJoy Online
… His commitment follows the signing of a Memorandum of Understanding (MoU) between the Petroleum Hub Development Corporation (PHDC) and an investment consortium led by Global Sphere of the United Arab Emirates for the development of Lot 2 of the project. …
Energy Minister pledges inter-ministerial push to unblock Petroleum Hub project
19 OctJoy Online
The Petroleum Hub Development Corporation has signed a 28-billion-dollar investment agreement with an international investment consortium to build Phase 2 of the Petroleum Hub Project at Jomoro in the Western Region, a major boost to the government’s 24-Hour Economy programme. …
Ghana signs $28bn investment deal with Consortium for Phase 2, Petroleum Hub Project
August 2026
3 AugJoy Online
The Petroleum Hub Development Corporation (PHDC) and its anchor partner, Touchstone Capital Partners, have reaffirmed their resolve towards the full development of Lot 1 of the ambitious energy project, which is estimated to cost US$12 billion. …
PHDC and Touchstone Capital Partners reaffirm commitment to advance US$12 billion Lot 1 agreement
3 AugThe Ghanaian Times
Touchstone Capital Partners (TCP) has reaffirmed its commitment to the development of Lot One of Ghana’s proposed $12 billion Petroleum Hub project, as it moves to deepen its partnership with the Petroleum Hub Development Corporation (PHDC) on one of Africa’s most ambitious indus …
TCP reaffirms commitment to developing Lot One of $12billion Petroleum Hub project
July 2026
9 JulJoy Online
… Other organisations supporting the fellowship include the National Petroleum Authority (NPA), the Public Interest and Accountability Committee (PIAC), the Petroleum Hub Development Corporation, the University of Ghana Business School, the University of Mines and Technology, the W …
JoyNews’ Caleb Ziblim wins Overall Best Fellow and three other awards at Africa Extractives Media Fellowship
June 2026
9 JunThe Ghanaian Times
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has defended the Lands Commission’s decision to gazette 5,000 hectares (12,365 acres) of land for the Petroleum Hub project. …
No error in 5,000-hectare decision — PHDC CEO
May 2026
19 MayThe Ghanaian Times
… Toni Aubynn-led management assumed leadership of the Petroleum Hub Development Corporation (PHDC); the project was at a critical crossroads. …
Of 5,000 hectares and 5,000 acres: The “small matter” of the Land size for the Petroleum Hub project
19 MayJoy Online
… Toni Aubynn-led management assumed leadership of the Petroleum Hub Development Corporation (PHDC), the project was at a critical crossroads. …
Of 5,000 hectares and 5,000 acres: The ‘small matter’ of land size for Petroleum Hub project

Mining & Energy

$28bn UAE-led consortium signs deal for Ghana's Petroleum Hub Lot 2

The News

A US$28-billion Memorandum of Understanding was signed between the Petroleum Hub Development Corporation and an investment consortium led by Global Sphere (UAE) to develop Lot 2 of Ghana's Petroleum Hub project, which will include a 300,000 barrel-per-day refinery, petrochemical plants, storage infrastructure, and a multi-berth jetty within five years, with on-site activities expected to begin in the first quarter of 2027.

14 hours ago · Joy Online →

Yesterday

$28bn UAE-led consortium signs deal for Ghana's Petroleum Hub Lot 2
A US$28-billion Memorandum of Understanding was signed between the Petroleum Hub Development Corporation and an investment consortium led by Global Sphere (UAE) to develop Lot 2 of Ghana's Petroleum Hub project, which will include a 300,000 barrel-per-day refinery, petrochemical plants, storage infrastructure, and a multi-berth jetty within five years, with on-site activities expected to begin in the first quarter of 2027.
14 hours ago · Joy Online →
Energy Minister woos investors; PHDC signs Global Sphere petroleum deal
Ghana's Energy Minister Dr John Jinapor reaffirmed the government's commitment to building a credible, competitive and investor-friendly energy sector during African Energy Week meetings. The Petroleum Hub Development Corporation signed a partnership agreement with Global Sphere for Phase Two of the Petroleum Hub Project, which the minister called a significant milestone toward making Ghana West Africa's leading energy hub.
22 hours ago · Joy Online →
Energy minister pledges inter-ministerial action on petroleum hub
Dr John Abdulai Jinapor, Minister for Energy and Green Transition, has committed to lead cross-ministerial engagements with Finance, Lands and Natural Resources, and the Attorney-General's Office to resolve land acquisition, compensation, and financing issues blocking Ghana's Petroleum Hub development. The pledge follows an MoU signed between the Petroleum Hub Development Corporation and an investment consortium led by Global Sphere of the UAE for Lot 2 of the project.
22 hours ago · Joy Online →

Monday 19 October

Ghana signs $28bn investment deal for Petroleum Hub Phase 2
The Petroleum Hub Development Corporation signed a $28 billion investment agreement with an international consortium to build Phase 2 of the Petroleum Hub Project in Jomoro, Western Region, expected to commence in the first quarter of 2027 and complete in 2031. The project is part of Ghana's 24-Hour Economy programme and is aimed at reducing fuel imports, saving foreign exchange, and creating jobs.
19 October 2026 · Joy Online →

Monday 3 August

PHDC, Touchstone reaffirm US$12 billion Lot 1 energy project commitment
The Petroleum Hub Development Corporation and Touchstone Capital Partners have reaffirmed their commitment to developing Lot 1 of the Ghana Integrated Petroleum Hub, a US$12 billion project designed to position Ghana as a leading integrated energy and industrial economy for West Africa and create over 780,000 jobs.
3 August 2026 · Joy Online →
TCP reaffirms commitment to $12 billion Petroleum Hub project
Touchstone Capital Partners has reaffirmed its commitment to developing Lot One of Ghana's proposed $12 billion Petroleum Hub project at Jomoro in the Western Region, intensifying collaboration with the Petroleum Hub Development Corporation as the initiative moves closer to execution.
3 August 2026 · The Ghanaian Times →

Thursday 9 July

JoyNews journalist Caleb Ziblim wins four awards at extractives fellowship
JoyNews Research Analyst Caleb Ziblim was named Overall Best Fellow at the inaugural Africa Extractives Media Fellowship, winning four awards including the Berenice Owen-Jones Award for in-depth analytical reporting, the Prolific Reporter Award, Data and Technology Award, and Investigative Impact Award. The six-month fellowship, delivered by Newswire Africa in partnership with the Australian High Commission in Ghana, trained journalists to strengthen reporting on Ghana's extractive sector.
9 July 2026 · Joy Online →

Tuesday 9 June

PHDC CEO defends 5,000-hectare land decision for petroleum hub
The CEO of the Petroleum Hub Development Corporation defended the Lands Commission's decision to gazette 5,000 hectares for the Petroleum Hub project, stating it was based on a written directive from President John Dramani Mahama following his announcement to the Western Regional House of Chiefs on July 30, 2025.
9 June 2026 · The Ghanaian Times →

Tuesday 19 May

Petroleum Hub Project faces land acquisition challenges since 2021
Ghana's Petroleum Hub Project, described as the nation's most ambitious undertaking, has faced land acquisition challenges since its inception in 2021. The article notes that major national projects in Ghana typically encounter community resistance over land issues, funding, and environmental concerns, and cites similar delays experienced by Nigeria's Dangote Refinery.
19 May 2026 · The Ghanaian Times →
Petroleum Hub Project faces land acquisition challenges
Ghana's Petroleum Hub Project, launched in 2021, has encountered land acquisition difficulties since inception. The article notes that major national projects routinely face community resistance over land issues, citing the Nigerian Dangote Refinery as a parallel example of similar delays.
19 May 2026 · Joy Online →

Tuesday 12 May

Only 61 of 185 state entities met financial statement deadline
As of May 1, only 61 out of 185 state-owned enterprises and specified entities submitted their 2025 financial statements to SIGA by the April 30 deadline, representing a 32% compliance rate. More than 100 entities had neither submitted statements nor provided reasons for delays.
12 May 2026 · Joy Online →

Tuesday 5 May

Ghana positioned for $60bn integrated petroleum hub
Ghana's geographic advantage, infrastructure, political stability, and emerging petroleum assets position it to create an integrated petroleum and petrochemical hub serving domestic energy needs and serving as an export node for West Africa. The article references Nigeria's Dangote Refinery as a model, which processes 650,000 barrels of crude oil per day and reached full refining capacity in February 2026.
5 May 2026 · Business & Financial Times →