PHDC and Touchstone Capital Partners reaffirm commitment to advance US$12 billion Lot 1 agreement

The Petroleum Hub Development Corporation (PHDC) and its anchor partner, Touchstone Capital Partners, have reaffirmed their resolve towards the full development of Lot 1 of the ambitious energy project, which is estimated to cost US$12 billion.

In a press statement issued on Wednesday, July 29, 2026, the two entities reiterated their commitment to advancing the project, which will transform Ghana and Africa’s energy landscape and create over 780,000 jobs for Ghanaians.

In the statement, the two organisations disclosed their vision of placing the project at the heart of the African energy ecosystem and making Ghana the preferred destination for energy movement.