{"id":225420,"date":"2024-10-04T09:05:24","date_gmt":"2024-10-04T09:05:24","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/04\/ghanas-upstream-local-content-policy-lauded\/"},"modified":"2024-10-04T09:05:24","modified_gmt":"2024-10-04T09:05:24","slug":"ghanas-upstream-local-content-policy-lauded","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/04\/ghanas-upstream-local-content-policy-lauded\/","title":{"rendered":"\u00a0Ghana\u2019s upstream local content policy lauded"},"content":{"rendered":"

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\u00a0Three coun\u00adtries \u2014 Nigeria, Namibia and Uganda\u2014 have applauded Ghana\u2019s robust drive to enhance and optimise local content policies in the upstream petroleum industry for the benefit of citizens.<\/p>\n

Additionally, they celebrated the country\u2019s achievement in the pro\u00admotion of local content agenda, which is inspiring Africa\u2019s efforts to harness its potentials in the hydrocarbons fields.<\/p>\n

\"\"<\/figure>\n

Representatives of the countries expressed these views in separate solidarity messages delivered at the 2024 Local Content Con\u00adference and Exhibition (LCCE) which ends today in Takoradi, in the Western Region.<\/p>\n

Organised by the Petroleum Commission, the three- day event was on the theme \u201cAttracting ex\u00adploration and production invest\u00adments to boost local content-New pathways.\u201d<\/p>\n

Namibia\u2019s Petroleum Commis\u00adsioner, Maggy Shino, commended Ghana\u2019s achievements in advanc\u00ading and achieving positive prog\u00adress in petroleum local content.<\/strong><\/p>\n

\u201cThe significant strides Ghana has made in empowering local industries and ensuring that the benefits of your country\u2019s natural resources directly contribute to the socio-economic development of your people are truly inspir\u00ading,\u201d she said.<\/p>\n

Ms Shino said, Ghana\u2019s vision\u00adary approach in building local capacity within the petroleum sector was a powerful example for the entire African continent.<\/p>\n

He noted the country\u2019s success in fostering an environment for Ghanaian businesses and profes\u00adsionals to play a central role in the development of the oil and gas resources.<\/p>\n

This feat, she said, was a remarkable achievement that reflected both the strength of Ghana\u2019s policies and the resilience of her people.<\/p>\n

\u201cThis progress marks a critical step toward reducing dependen\u00adcy on foreign expertise while simultaneously driving sustainable, inclusive growth and creating jobs that benefit local communities,\u201d she said.<\/p>\n

\u201cAt a time when many African nations, including Namibia, are seeking to enhance the impact of their natural resource sectors on their local economies, Ghana\u2019s ac\u00adcomplishments provide invaluable lessons. Namibia is committed to learning from Ghana\u2019s experi\u00adences as we continue to develop our own petroleum industry,\u201d Ms Shino reported.<\/p>\n

The Executive Secretary, Nige\u00adrian Content Development and Monitoring Board, Felix O. Ogbe, spoke about Nigeria\u2019s desire to ce\u00adment relationship between Nigeria and Ghana\u2019s Petroleum Commis\u00adsion through the landmark signing of Memorandum of Understand\u00ading (MOU).<\/p>\n

He was delighted to witness the collective efforts of African countries towards enhancing local content in the upstream petro\u00adleum industry.<\/p>\n

Mr Ogbe added \u201cThis event is a testament to our unwavering commitment to fostering strategic partnerships and driving sustain\u00adable growth within our sector.\u201d<\/p>\n

The theme of LCCE, he said, underscored the need for innova\u00adtive approaches and collaborative efforts to unlock the full potential of Africa\u2019s hydrocarbon resourc\u00ades estimated at over $125 billion and accounting for about 10 per cent of global reserves.<\/p>\n

He suggested that Africa must encourage closer collaboration among African oil and gas service companies and the leveraging of their capabilities, \u201cone of the best strategies to develop African local content and meet the aspirations of the African Continental Free Trade Area (AfCFTA).\u201d<\/p>\n

The Chief Executive of the Ugandan National Oil Company, Proscovia Nabbanja, said despite gains in technology, Africa still grappled with using oil resources to support development, stressing \u201cwe need African solutions for Africa\u2019s problems.\u201d<\/p>\n

\u00a0FROM CLEMENT ADZEI BOYE, TAKORADI<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0Three coun\u00adtries \u2014 Nigeria, Namibia and Uganda\u2014 have applauded Ghana\u2019s robust drive to enhance and optimise local content policies in the upstream petroleum industry for the benefit of citizens. Additionally, they celebrated the country\u2019s achievement in the pro\u00admotion of local content agenda, which is inspiring Africa\u2019s efforts to harness its potentials in the hydrocarbons fields. […]<\/p>\n","protected":false},"author":1,"featured_media":225421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-225420","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n\u00a0Ghana\u2019s upstream local content policy lauded - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/04\/ghanas-upstream-local-content-policy-lauded\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a0Ghana\u2019s upstream local content policy lauded - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0Three coun\u00adtries \u2014 Nigeria, Namibia and Uganda\u2014 have applauded Ghana\u2019s robust drive to enhance and optimise local content policies in the upstream petroleum industry for the benefit of citizens. Additionally, they celebrated the country\u2019s achievement in the pro\u00admotion of local content agenda, which is inspiring Africa\u2019s efforts to harness its potentials in the hydrocarbons fields. 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