Lanterna Rally

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Published: 2014

Total Pages: 0

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Do you know that the Ghana Local Content and Local Parcipaon Policy projects to achieve a target of at least 50% Ghanaian management staff of the operator from the ∙Worry because the Ghana Petroleum start of petroleum acvies and to increase Commission inial registraon fees for local progressively to 80% in 5 years? oil and gas service companies ranges between US$5000-US$30,000 requiring Do you als. [...] Ghanaians from the start of petroleum, and to increase progressively to at least 80% within five (5) years; 90% within ten (10) ∙ Worry because the renewal fees aer years of the Operator? For other staff, a the inial registraon fees for Ghanaian target of 100% Ghanaians? businesses in the Oil and Gas sector ranges between US$3,000-US$20,000 annually. [...] The Ghana Government defines Local Content as "the quantum/percentage of ∙ Worry because the Local Content and locally produced materials, personnel, Local Parcipaon Policy proposes the financing, goods and services rendered to e s t a b l i s h m e n t o f a n O i l a n d G a s the oil industry and which can be measured Development and Local Content Fund but in monetary terms". [...] In the oil and gas industry where ∙ Worry because the Oil and Gas sector is huge capital and quality human source is a less labour intensive but highly capital basic requirement, Ghanaian businesses intensive which potenally threatens to cannot afford to go it alone. [...] manufacturing is about 30 years? DO YOU ALSO KNOW? But with the local content policy and r e g u l a o n i n p l a c e , a n e ffe c v e ∙ That the manufacturing and agriculture implementaon of these instruments can sectors offer the most backward and potenally reduced the transion cycle to forward linkages to the rest of the about 10 - 7 years and broaden effecve Ghanaian Economy? parcipaon of.