Ghana develops local content, participation policy framework in petroleum sector

The Ministry of Energy has developed a policy framework on Local Content and Local Participation in Petroleum related activities approved by Cabinet and awaiting legislation.

Dr Joe Oteng Adjei, the sector minister, announced this in a speech read on his behalf at the ninth Quadrennial delegates, conference of the General Transport, Petroleum and Chemical Workers’ Union (GTPCU) in Koforidua on Wednesday.

He said the purpose of the policy was to progressively and comprehensively integrate Ghanaians into all aspects of the Oil and Gas industry thereby “maximizing the benefits to us”.

“Indeed, it is our wish that within a decade, the country will be able to achieve at least 90 percent local content and local participation in the oil and gas industry”.

Dr Oteng Adjei said plans were far advanced to prepare a schedule by which that strategy would be rolled out in advancing the stake of Ghanaians in the industry as stipulated in the policy framework.

The three day conference is on the theme “Repositioning Labour as an equal partner in the Oil and Gas Industry”.

Source: GNA