Akufo-Addo directs release of GHC200m to compensate communities to be affected by Jomoro Petroleum Hub

President Akufo-Addo has directed the Finance Ministry to release GHC200 million as compensation to communities affected by Phase One of the Jomoro Petroleum Hub Development project.

Speaking at the sod-cutting ceremony in Nawuli, a Jomoro Municipality of the Western Region, he expressed optimism that the project will address challenges in the energy sector.

The Jomoro Petroleum Hub project aims to create a leading integrated petroleum complex, adding value to the upstream and downstream oil and gas value chain in Africa.

Upon completion, the 20,000-acre hub will feature refineries, petrochemical plants, storage tanks, and other assets, transforming the petrochemical industry on the continent.

The project is expected to generate $1.56 billion in export taxes by 2030, increase GDP by 70%, and create over 780,000 jobs.

But some landowners in the area, notably, the Coalition of Concerned Nzema people are unhappy about the takeover of their lands without what they call the proper compensation and other remedies.

At the sod-cutting ceremony for Phase One of the project, President Akufo-Addo instructed the Finance Ministry to release GHC200 million to compensate affected communities.

“The chiefs and people of Jomoro have generously offered their lands for the development and enhancement of these vital projects. In recognition of their contribution and with deep appreciation, I have instructed the Ministry of Finance to release an initial two hundred million Ghana cedis to commence the payment of compensation for the affected lands, as a first step towards discharging our liabilities to the affected communities,” the President said.

The Minister of State in charge of Energy, Herbert Krapa, was optimistic the petroleum hub will elevate Ghana’s energy sector to the next level.

“The establishment of this petroleum hub marks a significant leap forward for Ghana’s energy sector. I extend my sincerest appreciation to you, Mr. President, for your foresight and to all contributors for their efforts in achieving this outstanding milestone. Through collective collaboration, I am confident that our shared vision of Ghana emerging as a premier energy producer will soon become a reality,” he said.

Western Regional Minister Kwabena Okyere Darko and Municipal Chief Executive, Luisa Iris Adey, assured a safe environment for the project’s execution.

“Mr. President, I offer you this assurance: the Western Regional Coordinating Council and the Security Council will provide the requisite security and support to guarantee the successful execution of this project, realizing the transformative impact we envision for Ghana. Consequently, individuals whose interests are inimical to Jomoro’s development are free to relocate, as we unequivocally stand in support of this project and its objectives,” Mr Darko stated.

By Ebenezer Atiemo

The post Akufo-Addo directs release of GHC200m to compensate communities to be affected by Jomoro Petroleum Hub first appeared on 3News.

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