Sentuo Group has commenced Phase II of its oil refinery expansion project in Tema, with company executives and government officials describing the initiative as a major boost to Ghana’s industrialisation agenda.
The sod-cutting ceremony, held on June 25, was attended by John Dramani Mahama, Energy and Green Transition Minister John Abdulai Jinapor, Trade Minister Elizabeth Ofosu-Adjare, and Cong Song, among other dignitaries.
Speaking at the event, Sentuo Group Executive Chairman Xu Ningquan said the expansion represents a significant investment in Ghana’s future and will help strengthen the country’s position as a key energy hub in the region.
According to him, the second phase of the refinery project will add three million metric tonnes to the facility’s annual refining capacity, increasing local fuel production and reducing dependence on imported petroleum products.
Mr. Xu noted that the project is expected to generate thousands of jobs during both the construction and operational stages, while also supporting local businesses and increasing government revenue.
He emphasised the company’s commitment to local value addition, advocating for more production, processing, manufacturing, employment, and exports to take place within Ghana. He argued that Africa must move beyond exporting raw materials and importing finished goods if it is to achieve long-term economic development.
President Mahama welcomed the investment and reiterated his administration’s commitment to industrial transformation through partnerships with the private sector. Mr. Xu also praised the government’s efforts to improve the investment climate, particularly the proposed 24-hour economy policy, which he said aligns with the continuous nature of industrial operations.
Beyond the refinery expansion, Sentuo Group announced plans to invest in fertiliser production and large-scale commercial agriculture under a memorandum of understanding with the government.
The company further pledged to support host communities through job creation, skills development, infrastructure projects, and educational initiatives, stressing that community development should accompany industrial growth.
Officials also highlighted Ghana’s potential to become a major centre for refining, manufacturing, petrochemicals, and logistics under the framework of the African Continental Free Trade Area.
The refinery expansion is expected to enhance Ghana’s energy security, reduce fuel import dependence, and improve foreign exchange retention, while supporting broader efforts to position the country as a leading industrial and energy hub in West Africa.
The ceremony concluded with calls for stronger collaboration between government and private investors to accelerate Ghana’s industrial development and economic transformation.
Source: gbcghanaonline.com
