Tema, Jan. 26, GNA- President Nana Addo Dankwa Akufo-Addo on Friday commissioned Ghana’s first private oil refinery built by the Sentuo Group, Ghana, a Chinese conglomerate, at the Tema Industrial Area, near Accra.
Will Ghana’s Oil Refinery be the key to securing its energy future?
The President, who was optimistic that Ghana would soon wean itself from the reliance on foreign fuel for the country’s energy needs, said the operation of the refinery would serve as the pivotal step towards securing the country’s energy future.
Why should Ghana invest in a petroleum refinery?
President Akufo-Addo said the refinery would not only provide the country with petroleum products but also create jobs and empower local communities, drive investment in related industries and contribute to the overall realisation of Ghana’s broader industrialisation agenda.
How many barrels a year will Ghana produce?
The facility is expected to be completed this year and would operate at a production capacity of five million barrels per year. At a colourful ceremony, President Akufo-Addo said the development was a significant milestone in Ghana’s journey towards energy independence, industrialisation and economic prosperity.