Ghana’s Ambassador to the Republic of Korea, His Excellency Kojo Choi, has paid a courtesy call on the Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, as part of ongoing efforts to deepen investment ties between Ghana and Asia.
The meeting, held at the PHDC head office in Accra, provided a platform for discussions on the $60 billion Petroleum Hub Project, a flagship initiative designed to position Ghana as a major petroleum and petrochemical hub in Africa.
In his remarks, Ambassador Kojo Choi explained that his visit was intended to give him a deeper understanding of the Petroleum Hub project and its investment potential.
He highlighted South Korea’s advanced capabilities in energy infrastructure and expressed his willingness to promote the project to South Korean and Asian investors.
“This is a bold and ambitious project that requires strong international collaboration.
“South Korea has extensive experience in energy development, and I believe this partnership could deliver lasting benefits not only for Ghana but also for the wider region.”
His Excellency Kojo Choi, Ghana’s Ambassador to the Republic of Korea
PHDC Showcases Investment Opportunities
Welcoming the Ambassador, Dr Toni Aubynn described the visit as a significant endorsement of Ghana’s energy ambitions.
He emphasized that such engagements with senior government officials demonstrate the administration’s commitment to securing the required partnerships and funding for the Petroleum Hub.
“This courtesy call is a testament to the collective effort of government to ensure that the Petroleum Hub receives the attention it deserves.
“We are grateful for this support and are ready to work with potential investors to bring this vision to life.”
Dr Toni Aubynn, Acting Chief Executive Officer of PHDC
Dr Aubynn outlined the vast opportunities available within the Petroleum Hub, noting that its construction will include three refineries with a combined capacity of 900,000 barrels per stream day (BPSD), five petrochemical plants, massive storage tanks with a 10-million-cubic-meter capacity, port facilities, and two jetties to facilitate import and export.
He further revealed that ancillary projects such as schools, roads, railways, and fertilizer plants would create additional avenues for investment while contributing to Ghana’s broader development agenda.
Addressing potential concerns about feedstock for the hub, Dr Aubynn underscored that demand for petroleum products in West Africa and across the continent is projected to rise significantly in the coming years.
He stressed that Ghana’s strategic geographic location, absence of a major petroleum hub in Africa, and supportive business climate ensure the long-term viability of the project.
“The Petroleum Hub is designed to meet Africa’s growing demand for refined products while securing energy independence and fostering industrialization.
“Ghana’s central location makes it the natural choice for this kind of transformative project.”
Dr Toni Aubynn, Acting Chief Executive Officer of PHDC
Ambassador Choi Commends Progress
Ambassador Choi expressed admiration for the progress made under Dr Aubynn’s leadership since his appointment in March.
He praised PHDC’s efforts to promote the project internationally and pledged to actively position the Petroleum Hub as a preferred investment destination in Asia.
“I am impressed with the level of work that has gone into this project.
“It is ambitious, but it is also achievable, and it is my intention to encourage South Korean and Asian investors to look seriously at the opportunities here.”
His Excellency Kojo Choi, Ghana’s Ambassador to the Republic of Korea
Established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053), PHDC has the mandate to oversee the development of a world-class petroleum and petrochemical hub in Ghana.
The Corporation aims to create an integrated petroleum value chain that supports innovation, research, and infrastructure development while unlocking new economic opportunities for Ghana and the wider region.
The Petroleum Hub Project, to be located in Jomoro in Ghana’s Western Region, is expected to create thousands of direct and indirect jobs, boost industrial growth, and enhance energy security across West Africa.
Officials estimate that once fully operational, the hub will play a central role in reducing Africa’s reliance on imported refined products.
With diplomatic backing and growing global investor interest, Ghana’s $60 billion Petroleum Hub Project appears to be gaining critical momentum, reinforcing the country’s ambition to become Africa’s leading petroleum and petrochemical hub.
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