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.

May 2026
12 MayJoy Online
… Among the entities that complied with the deadline were the Bank of Ghana, Electricity Company of Ghana, Ghana Publishing Company Limited, Ghana Civil Aviation Authority, Ghana Gold Board, Ghana Gas, Ghana National Petroleum Corporation and Petroleum Hub Development Corporation. …
61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements
5 MayBusiness & Financial Times
… Since then President Akuffo Addo assented to the bill into law in 2020, up till now, the major hurdle around the formal and operational Petroleum Hub Development Corporation (PHDC) and the securing the land for the project, which primarily, is the surest foundation for ascertaini …
Law & Leadership Colloquium with Pastor Tommy: Petroleum Hub’s $60bn Project: Promises, prospects and need for partnerships

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.
23 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.
23 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 →