In August 2024, Ghana began constructing a $12 billion petroleum hub in Jomoro, marking a significant step toward becoming a regional oil and gas processing leader in West Africa. The hub will feature a 300,000 barrel-per-day oil refinery, petrochemical plants, storage facilities, and a marine terminal, aiming to enhance the country’s refining capacity, reduce fuel imports, and boost economic growth.

However, the project faces criticism from local communities and environmentalists over concerns about land rights, potential displacement, and environmental impacts. Some argue that the initiative lacks a transparent business plan and may lead to resource exploitation without adequate compensation for affected communities. There are also worries about pollution and the destruction of local ecosystems, which could impact fishing and farming livelihoods.

Despite the controversy, the Ghanaian government remains optimistic about the petroleum hub’s potential to attract foreign investment, create thousands of jobs, and stimulate the broader economy. The project is seen as a strategic move to transform Ghana into an energy hub, supporting regional energy demands and enhancing the nation’s energy security.