Ghana to build $1.2 Billion Gas-Processing Plant

Ghana has bought the land on which it plans to build a $1.2 billion gas-processing plant near its border with the Ivory Coast, the Daily Graphic reported.

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The land was acquired after the government resolved concerns of the residents of Bonyere, where the plant will be built, the Accra-based daily said, citing Deputy Information Minister Samuel Okudzeto Ablakwa.

Once built, the plant will be able process 300 million cubic feet of gas a day from Ghana’s offshore Jubilee oilfield, which began production on Dec. 15.

Earlier this year the China Development Bank agreed to lend Ghana $3 billion for the gas plant and an alumina refinery in Western Region.

Daily Graphic