Mr. Charles

Mr. Charles Owusu Esq.

Board Member, Governance and Economic Policy - Hans Africa Institute,
Former Chief Executive Officer - Petroleum Hub Development Corporation (PHDC),
Energy Economist and Corporate Governance Expert

    • Board Member, Governance and Economic Policy, Hans Africa Institute
    • Former and Founding Chief Executive Officer (CEO), Petroleum Hub Development Corporation (PHDC)

  • Technical Advisor to the Minister for Finance, Ghana (2017–2021)
  • Consultant / Senior Energy & Financial Governance Expert, Ministry of Finance and Energy Commission
  • Manager, Deloitte
  • Finance and Tax Specialist, Blue Ocean Investments (Puma Energy Ghana)
  • Energy Economist, Energy Commission of Ghana
  • Adjunct Lecturer, Central University College, Ghana
    •  
  • Fellow Chartered Accountant - Institute of Chartered Accountants, Ghana (ICAG)
  • Qualified Professional Certificate in Law-Ghana School of Law
  • Bachelor of Law (LL. B) – GIMPA
  • Comparative Tax Policy and Administration- Harvard Kennedy School, USA
  • MSc. Energy Management - University of Stirling, UK
  • BSc. Accounting- Institute of Professional Studies, Accra-Ghana

Charles Owusu, Esq, FCA is an Energy Economist, Chartered Accountant and a Lawyer
with over 13 years of experience in the energy sector, specializing in strategic leadership,
financial governance, and tax policy in both private and public sectors. Charles is well-
equipped to support and lead projects. His extensive experience in power infrastructure,
renewable energy, and international financial institutions positions me to contribute
effectively to the analytical, operational, team player and strategic functions with
excellent communication and negotiation skills.

He is the former CEO of the Petroleum Hub Development Corporation (PHDC), a state
institution mandated to oversee the development of the Petroleum and Petrochemical
Hub in Ghana which is the first of its kind in Africa. He steered the affairs of the Corporation
for the past 4 years, he has taken strategic initiatives in the preparatory set up of the
Corporation, engaged several investors and stakeholders geared towards the
implementation of the Hub Project.

He has both national and international exposure through work and engagements with
the Ministry of Finance, Deloitte, Blue Ocean Investments (Puma Energy Ghana) and the
Energy Commission of Ghana. His keen interest and knack for the oil and gas industry
earned him an adjunct-lectureship service at Central University College-Ghana, where
he trained executive scholars.

He is well-skilled and has mastery in public and private bond issuance, corporate business
tax, transfer pricing, oil trading, power regulations and financial governance.

His critical thinking and unmatched work ethics as well as excellent client relationship skills
have resulted in the provision of clear cut and tailored solutions, design of actionable
policies and development of strategies.

 

PUBLICATION
Ackah, I., Asiama, R. K., Ohene, A. O., Essuman, V. A., Eshun, M. E., Owusu, C., & Nyarko,
P. (2024). The Gains and Pains of Energy Transition: A Perspective on Sub-Saharan Africa.
In Energy Regulation in Africa: Dynamics, Challenges, and Opportunities (pp. 453-472).
Cham: Springer Nature Switzerland.

 

ACHIEVEMENTS

  • Signed a US$ 12 billion-dollar Agreements in 2024 for the development of the 1st
    Phase of the Petroleum Hub Project in Jomoro, Western Region of Ghana.
  • Technical Advisor to the Minister for Finance, Ghana from 2017 to 2021.
  • Coordinated the special purpose vehicle to initiate a 10-year ESLA Bond
    programme of GHS10 billion in 2017.
  • Led in the BDCs and GoG Negotiation in 2018 on US$1.43 billion legacy debts from
    2011 to 2015.
  • Played a key role in the Energy Sector Recovery Programme (ESRP) in 2017.
  • Played a key role in the Cash Waterfall Mechanism (CWM) in 2018.
  • Led a team to establish SMEs Credit Fund to fill the gap created due to the
    financial sector clean up in 2019.
  • Led the timely disbursement of GHS1.2 billion Coronavirus Alleviation Programme
    (CAP) Funds in 2020.
  • Also led the set-up of GHS600 million (CAPBuSS) to support Micro, Small and
    Medium businesses to protect job losses and revise industry under the mandate of
    NBSSI (now Ghana Enterprise Agency) in 2020.
  • Facilitated in delivering four consecutive Ghana Eurobond roadshows from 2018-
    2021 of US$9 billion (US$3 billion each year) as budget support and liability
    management.
  • Played a key role in driving digital domestic revenue mobilization institutions
    reforms to build efficient and responsive revenue authority in 2018.
  • Set up Tax Audit and Quality Assurance Department from 2020 to 2021 at Ghana
    Revenue Authority which is currently contributing at least 23% of total domestic
    revenue for GRA.