ANNOUNCED AS TEMPORARYNo
On November 20, 2013, the Parliament of Ghana adopted Legislative Instrument L.I. 2204 entitled 'Petroleum (Local Content and Local Participation in Petroleum Activities) Regulations, 2013'. Under the regulations, anyone 'carrying out a petroleum activity shall ensure that local content is a component of the petroleum activities engaged in'. The main points are:
A Local Content Committee will be set up to monitor and supervise compliance with the regulations. To identify the affected trading partners, the list of major companies active in Ghana on Africa Oil and Gas was used.
This measure follows the introduction of Petroleum (Local Content and Local Participation in Petroleum Activities) Regulations in 2012 (see PWC source below).
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