Dangote Refinery Gets New Rival as Another African Country Begins Construction of Refinery [Video]

• Ghanaian president Nana Akufo-Addo has officially launched the construction of a $12 billion oil refiner
• The refinery will have a capacity of 300,000 barrels per day and will seek to dominate the African refinery
• Just like the Dangote refinery, the refinery will help reduce West Africa’s dependency on imported petroleum

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Ghana has commenced the construction of a new $12 billion refinery that will be located in the southwestern city of Jomoro.

The refinery will have a capacity of 300,000 barrels per day and will be one of the largest in Africa.

Ghana begins construction of new refinery

At the launch event, Ghana’s President Nana Akufo-Addo will position Ghana as a key petroleum hub in the region.

Ghana started producing …