Business News of Thursday, 19 March 2026Source: www.ghanaweb.comThe Petroleum Hub Development Corporation (PHDC) and Mighty Gager Company Limited have signed a Memorandum of Understanding (MoU) for the construction of 2 million metric tons of storage tanks at Jomoro in the Western Region. Also speaking at the ceremony, CEO of Mighty Gager Company Limited, Kevin Gager, revealed that his company is prepared to move swiftly following the signing of the MoU. The $1 billion investment in storage tanks is expected to significantly boost capacity within the Petroleum Hub while supporting regional petroleum trade and distribution. The Petroleum Hub Project will be located in Jomoro, in Ghana’s Western Region. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.

Source: GhanaWeb March 19, 2026 10:09 UTC