Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

The role the Petroleum Commission in developing local content

ghana-oil-workersThe petroleum Commission of Ghana which a statutory institution was established by an Act of Parliament in 2011, Act 821 with the main of objective of regulating and managing the utilization of petroleum resources in the upstream petroleum sector and coordinating of policies in relation to them.

The role of the commission in developing local content is undertaking the following measures to help build local entrepreneurship among Ghanaians in the upstream industry. The petroleum commission performs the following functions in relation to local content development;

  1. Development of a common qualification system to register and pre-qualify local service providers. This is done by following the procedures and regulations that qualifies an institution to become local service provider.
  2. Setting of minimum standards requirement for local content in local content plans. Within every institution, there are benchmarks in the operation of their activities and requirements that qualifies a company to partake in the activities. Once these minimum requirements are met, the local service provider may be given the legal documents to start operation.
  3. Rigorous and transparent monitoring and reporting system. The petroleum commission also plays the role of monitoring the activities of service providers in the upstream industry in Ghana. This done by making sure local service providers performs their activities in a transparent manner for payment of taxation to government.
  4. The petroleum commission in its quest to promote local content also analyze and evaluate procurement procedures among others to develop local content in the country.

In conclusion, the Petroleum Commission in its quest to develop local content must be involved in building local capacity to take up new jobs in the upstream industry by citizens of Ghana. This will assist in amassing resources for the country to engage in more prospecting and exploration activities to discover new fields in the country.

 By:David Aduhene Tanoh  www.reportingoilandgas.com

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar