The 2024 Local Content Conference and Exhibition (LCCE) organised by the Petroleum Commission opened in Takoradi yesterday, on the theme "Attracting exploration and production investments to boost local content- new pathways." The three-day event is being attended by captains of the industry including the Ministry of Energy, the Petroleum Commission, Ghana National Petroleum Corporation (GNPC), Tullow Ghana and delegations from Nigeria, Uganda and Namibia.
In his keynote address, the Minister of State at the Energy Ministry, Mr Herbert Krapah, indicated that government had directed the Petroleum Commission to strategically promote the development of indigenous capacity.
This, he explained, would ensure in-country value creation, employment and skills development, technology transfer to Ghanaians, equity participation of Ghanaian businesses, and establishment of stronger linkages between the oil and gas sector and other sectors of the economy.
Mr Krapah said "We promote indigenous companies, not to discourage foreign participation and perpetuate inefficient and uncompetitive local businesses, but to ensure enduring and true partnerships. "We do so not as a means of nationalisation of our petroleum sector or as a protectionist initiative of our resource, but, because we know that indigenous capacity is a sure dependable avenue for impacting our people, for change," he said.