Petroleum Hub targets 30-day permit timeline to boost investment

The Petroleum Hub Development Corporation wants to simplify investment in Ghana's petroleum sector.

Their goal is to reduce the permit timeline from 492 days to just 30 days. This change aims to eliminate regulatory delays.

Dr. Tony Aubynn, the CEO of the Corporation, shared this information at an inter-agency dialogue. The event gathered key stakeholders to discuss ways to improve efficiency and attract investors.

He explained that obtaining permits from various agencies currently takes about 492 days. He questioned why any investor would wait that long for necessary permits.

Dr. Aubynn emphasized the need for a quicker process, aiming for a 30-day timeline for an omnibus permit. He assured his commitment to collaboration and teamwork among stakeholders.

The summit was themed “Building the Energy Hub of Choice: Unlocking Synergies for a Globally Competitive Petroleum and Petrochemical Hub.”