AKUFFO-ADDO COMMISSIONS SENTUO REFINERY
On January 26, 2024, President Nana Addo Dankwa Akufo-Addo inaugurated Ghana's first private oil refinery, constructed by the Chinese conglomerate Sentuo Group, Ghana, in the Tema Industrial Area near Accra. source: B&FT The Sentuo Oil Refinery, valued at $2 billion, possesses an initial processing capacity of 40,000 barrels per day, expandable to 100,000 barrels at full operation. Anticipated for completion this year, the refinery aims to operate at a production capacity of five million barrels annually. President Akufo-Addo hailed the achievement as a significant stride toward Ghana's energy independence, industrialization, and economic prosperity during a vibrant ceremony. This project represents not just the bricks and mortar but also a symbol of our determination to shape our destiny, strengthen our economy, reduce our dependence on foreign oil and inspire investment in our economy, he said. Local production for Ghanaians. The president, who was optimistic that Ghana ...