Touchstone Capital Partners Reaffirms $12 Billion Commitment to Ghana’s Petroleum Hub

In a bold move that signals confidence in Ghana’s economic future, the Petroleum Hub Development Corporation (PHDC) and its anchor partner, Touchstone Capital Partners, have reaffirmed their commitment to the full development of Lot 1 of the landmark Petroleum Hub project. The project, valued at an estimated US$12 billion, is set to transform Ghana into a powerhouse of energy and industrial innovation in West Africa.

This reaffirmation comes via a press statement issued on July 29, 2026, where both entities outlined a vision that goes beyond just oil and gas. They are positioning the Hub as an integrated development ecosystem where energy, petrochemicals, logistics, manufacturing, digital infrastructure, finance, education, and healthcare work together to create a self-sustaining industrial city.

What Makes This Project a Game Changer for Ghana?

The numbers are staggering. The Ghana Integrated Petroleum Hub, located in Jomoro in the Western Region, is designed to be a multi-phase, US$60 billion long-term private investment opportunity. Touchstone Capital Partners’ agreement with PHDC covers Lot 1, which alone represents US$12 billion in investment. But the real story is in the jobs: independent estimates project that the completed programme will generate approximately 780,000 direct and indirect jobs by 2036, with additional multiplier effects across supply chains, local enterprises, and regional trade.

“Our vision is to position Ghana as one of Africa’s leading integrated energy and industrial economies, creating sustainable opportunities through industrialisation, innovation and regional cooperation,” said Niccolò Ravano, Vice President of Touchstone Capital Partners, in the statement.

How Will the Hub Boost Ghana’s Economy and Energy Security?

Upon completion, the Hub will feature three world-class refineries with an initial combined capacity of 900,000 barrels per day, expandable to 1.5 million barrels per day. It will also include five integrated petrochemical complexes, petroleum storage capacity of approximately 10 million cubic metres, LNG receiving and gas-processing infrastructure, gas-to-power generation facilities, marine terminals, deep-water jetties, industrial parks, and export processing zones. All of this will sit across an approximately 13,565-acre integrated industrial city.

This infrastructure is designed to strengthen regional energy security, increase domestic refining capacity, promote industrialisation, expand exports, and support regional logistics. Under the African Continental Free Trade Area (AfCFTA), Ghana is positioning itself as the leading petroleum, petrochemical, logistics, and industrial gateway for West Africa.

What About Social Impact and Community Development?

The partners have also noted that a share of long-term project revenues and associated economic activity will support broader social investment. This includes education, healthcare, technical training, and community development alongside the core industrial build-out. It’s a holistic approach that ensures the benefits of this mega-project reach every Ghanaian.

Both PHDC and Touchstone Capital Partners have expressed confidence in the partnership, which is set to make the Petroleum Hub an integrated development ecosystem where energy, petrochemicals, logistics, manufacturing, digital infrastructure, finance, education, and healthcare reinforce one another. This is not just about building refineries; it’s about building a future.

Frequently Asked Questions

How many jobs will the Petroleum Hub create?

Independent published estimates place direct and indirect employment at approximately 780,000 jobs by 2036, with additional multiplier effects across supply chains and local enterprise.

Where will the Petroleum Hub be located?

The Petroleum Hub Project will be located in Jomoro, in Ghana’s Western Region, covering an area of approximately 13,565 acres.

What is the total investment value of the project?

The project represents an estimated US$60 billion long-term private investment opportunity, with Lot 1 alone valued at US$12 billion.