Petroleum Hub to bring development, create jobs – CEO

The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC) Mr. Charles Owusu has led his operations and technical team to update the Chiefs, Queen Mothers, Western Regional Minister, Municipal Chief Executive, Staff of the Regional Coordinating Council, opinion leaders, youth groups, students and members of the forty-six communities under Western Nzema Traditional Area, on the progress of work done in preparation towards the setting up of Africa’s first Petroleum and Petrochemical Hub in the Jomoro Municipality.

This working visit forms part of the Corporation’s regular stakeholder and community engagement programme.

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Addressing a forum, Mr. Owusu emphasized government’s commitment in ensuring that the estimated $60 Billion investment sees the light of day this year- 2023.

He stressed that this $60 Billion investment is purely private sector led with Government providing the legal, regulatory and enabling environment for the investing companies to develop the project. In addition to this, government is responsible for acquiring and securing the land, providing infrastructure such as roads, railway, water, power and other social amenities.

He also recounted several operational activities that have been completed in the acquisition of the 20,000-acre land required for the project. He indicated that all the necessary documentation required by law have been submitted pending cabinet approval and issuance of an executive instrument to complete the land acquisition process.

He assured the people that deserving compensations will be paid to farmers and landowners as well as resettlement packages to the four affected communities (Nyamenle Kwame Ellowule, Bokakole Nkwanta, Asempaye and Old Kabenla Suazo) after the process of compulsory land acquisition is fully completed in accordance with the law. He entreated the people of Jomoro especially communities directly affected by the project to keep being optimistic and support the project to succeed.

Source:3news.com