Business News of Wednesday, 10 April 2019Source: classfmonline.comGNPC buys land for $8mDr. K.K Sarpong is CEO of GNPCThe Ghana National Petroleum Corporation (GNPC) has spent an amount of $8.5million to buy a-two-hundred-thousand acre of land located at Takoradi in the Western region. The plot will be used to establish a petroleum hub, according to the company’s work plan sent to the Mines and Energy Committee upon request by the Parliamentary caucus. The company has also budgeted $50million for co-investment with a selected partner to establish a company in a selected area (oil refinery fertiliser plant, petrochemical industry, petroleum tank farm etc) in the Western region to attract investors to the petroleum hub. Below is the breakdown of GNPC's budgeted $50million investment in petroleum hub

Source: GhanaWeb April 10, 2019 17:48 UTC