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Ghana signs $28bn investment deal with Consortium for Phase 2, Petroleum Hub Project

Source: MyJoyOnline (Ghana)

CEII brief

MyJoyOnline (Ghana) reported on 19 Oct 2026: Ghana signs $28bn investment deal with Consortium for Phase 2, Petroleum Hub Project.

The Petroleum Hub Development Corporation has signed a 28-billion-dollar investment agreement with an international investment consortium to build Phase 2 of the Petroleum Hub Project at Jomoro in the Western Region, a major boost to the government’s 24-Hour Economy programme.

— MyJoyOnline (Ghana)
Read the full story on MyJoyOnline (Ghana)

Context from CEII

Exchange rates and the cost of capital shape every energy project, especially in emerging markets where equipment is priced in dollars.

₦1,331.62 per US dollar, reference rate today

Countries in this story

Original reporting © MyJoyOnline (Ghana). Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.

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