Ghana news briefing
Government to push major reforms to make Ghana’s upstream oil sector more competitive
The government is reviewing Ghana’s legislative and fiscal framework for the upstream petroleum sector as part of efforts to attract more investment into the industry.
He said the measures form part of President John Dramani Mahama’s broader commitment to revitalising the upstream petroleum sector and making Ghana an increasingly attractive destination for investment.
The reforms include more appropriate incentives for deepwater, ultra-deepwater and frontier exploration, a more competitive royalty structure and a reduction in GNPC’s initial carried interest from 15% to 10%.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
