Audio By Carbonatix
The Minister for Energy and Green Transition, John Jinapor, has said the expansion of the Sentuo Oil Refinery will significantly boost Ghana's energy security while creating hundreds of additional jobs for Ghanaians.
Speaking at the commissioning and sod-cutting ceremony for Phase II of the Sentuo Oil Refinery on Thursday, June 25, Mr. Jinapor said the project represents a major milestone in the country's efforts to add value to its petroleum resources, create employment opportunities and strengthen economic resilience.
"More importantly, we are creating jobs. From my discussion with the chairman, the employment level will move from about 700 or 800 to 1,500 upon completion of this refinery," he said.
Mr. Jinapor noted that beyond job creation, the project will help anchor Ghana's economy by reducing dependence on imported refined petroleum products and insulating the country from external market shocks.
"We are conquering energy security, we are adding value to our own resources, and more importantly, we are creating jobs. We are also anchoring our economy, protecting ourselves from global shocks, and stabilising our currency," he stated.
The Energy Minister further indicated that increased domestic refining capacity is expected to positively impact fuel prices and enhance the country's ability to meet local demand.
He commended the management, board and staff of the Sentuo Oil Refinery for their commitment to the project and described it as a testament to the growing economic cooperation between Ghana and China.
Mr. Jinapor also praised President John Dramani Mahama for providing the leadership needed to drive the country's industrial and energy transformation agenda.
"This shows that such cooperation can lead to economic development and mutual benefits for China-Ghana relations," he added.
Latest Stories
-
Ghana explores centre of excellence for hearing, communication and cochlear implant care
42 minutes -
Schizophrenia-related disorders lead mental health cases recorded in Ghana
1 hour -
Dutch authorities enlist Ghana in hunt for fugitive drug lord Bolle Jos
1 hour -
Ghana housing finance conference adopts communiqué to improve affordable housing access
6 hours -
Special Initiatives Minister urges Wa Technical Institute to enrol more girls as EU-backed solar training lab opens
6 hours -
In the matter of my first year at the Bar
7 hours -
ActionAid Ghana calls for an end to child marriage, greater investment in girls’ rights
7 hours -
Newsfile to tackle World Cup visa scandal, beach demolitions, education strikes, BRICS bid
7 hours -
UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities
7 hours -
Embassy of Denmark celebrates World Maritime Day
7 hours -
Linking LEAP to productive inclusion could cut extreme poverty by 2030 – UNICEF
8 hours -
Trade Ministry backs use of creative arts to rehabilitate prison inmates
9 hours -
Negotiations with government to continue despite strike suspension – GNAT
9 hours -
‘Ghana cannot afford to waste public resources; every cedi has a job’ – Ato Forson
9 hours -
Ghana expects economic boost as World Assemblies of God Congress brings 10,000 delegates to Accra
9 hours