Held in Accra on the theme, "Building the Energy Hub of Choice: Unlocking Synergies for a Globally Competitive Petroleum and Petrochemical Hub", the high-level summit brought together government ministers, regulatory agencies, and industry stakeholders.

They explored strategies for attracting investment and streamlining licensing and permitting processes for the multibillion-dollar Petroleum Hub project.

Mr Richard Gyan-Mensah, Deputy Minister of Energy and Green Transition, underscored the strategic importance of the Petroleum Hub in driving Ghana's energy transformation.

He highlighted the country's unique geographical advantage, stable political environment, and emerging petroleum resources as key enablers of a globally competitive energy hub.

"Ghana's vision is bold, to create a fully integrated petroleum and petrochemical hub that not only meets domestic demand but also positions the country as a leading export destination in West Africa and beyond," the Deputy Minister said.

Mr Gyan-Mensah called for stronger coordination among state agencies to remove bureaucratic bottlenecks, stressing that collaboration was essential to realising the Petroleum Hub dream.

Dr Toni Aubynn, PHDC Chief Executive Officer emphasised that securing the estimated $60 billion investment needed for the hub requires a united front.

"The success of this vision hinges on harmonised institutional efforts. Siloed operations and regulatory delays only discourage potential investors," he warned.

"This dialogue is a chance to shift the narrative and present Ghana as a ready and reliable investment destination," he stressed.

Mrs Elizabeth Ofosu Agyare, Minister of Trade and Industry, described the Petroleum Hub as a critical pillar in the government's broader trade strategy.

"By aligning our national ambitions with global energy dynamics, we can position Ghana as a trading powerhouse on the African continent," she noted.

A panel session featuring heads of the National Petroleum Authority (NPA), Environmental Protection Agency (EPA), Land Use and Spatial Planning Authority (LUSPA), and Ghana Ports and Harbours Authority (GPHA) reaffirmed a joint commitment to improving the regulatory environment for petroleum and petrochemical investments.

The event was opened and closed by Madam Halimatu Sadia Abdulai Abu, PHDC Deputy CEOs (Finance and Administration) and Onasis Rosely (Operations and Technical), respectively.

Participants concluded the dialogue with a collective pledge to strengthen inter-agency collaboration and expedite actions needed to advance the Petroleum Hub project, one of the most ambitious energy infrastructure plans in Ghana's history.