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section 42(1) A licensed free zone developer or enterprise licensed under the Free Zone Act, 1995 (Act 504) shall for purposes of refining and storage of petroleum products after licensing under this Act, be eligible to enjoy the same incentives offered by the Free Zone Board within the petroleum downstream industry as approved by the Board and specified in the licence issued under this Act. (2) The provisions of this section apply only to a new entrant. Monopoly provisions

Subject : Licences (Petroleum)  

Procedure to Follow


STEP 1- Acquire application.

Pack An application pack must be obtained from Petroleum Commission for a non-refundable fee of One Hundred Ghana Cedis (GH?100).  You can only make payment by Banker’s Draft to Petroleum Commission, Ghana.

STEP 2- Complete Application Forms with Relevant Information and Documents.

Once the application Pack is obtained, you can fill the necessary application forms and attach all relevant documents for submission. Documents should be comb bound and three (3) copies submitted to the commission. In the case where the applicant cannot submit any of the documents, the applicant will have to obtain a waiver from the appropriate Government agency.  The documents to be submitted include:
1. 
Cover Letter

2. 
Certificate of incorporation

3. 
Certificate to commence Business

4. 
Letter from Registrar General with Form 20 and 21 attached

5. 
Audited Financial Report

6. 
Valid SSNIT Clearance Certificate

7. 
Business Plan
8. Company profile
9. Copy of application pack receipts

STEP 3 – Meet All Local Content Requirements.

A non-indigenous Ghanaian company which intends to provide goods or services to a contractor, a subcontractor, licensee, the Corporation or other allied entity within the country shall incorporate a joint venture company with an indigenous Ghanaian company and afford that indigenous Ghanaian company an equity participation of at least ten percent (10%). Both companies should already be registered with the petroleum commission. Joint venture companies are exempted from the initial fees upon registration with the commission.
However, the renewal fees apply to them when it is due.Joint venture companies may have to include the following:
A plan clearly stating:
1. 
The roles and responsibilities of the joint venture parties in the joint venture company;

2. 
The equity participation of the joint venture parties;

3. 
The strategy for the transfer of technology and know-how to the indigenous Ghanaian company.


1. 
Regulations of the Company covering, among other things, the following:


a. 
Shares structure and the shareholders rights (including classes of shares and voting rights).

b. 
Reserved Matters
c. Dividend policy
d. Transfer of Shares & Pre-emptive Rights
e. 
Obligatory Transfer Events

f. 
Board of Directors (Executive & Non Executive)

g. 
Deadlock Provisions

h. 
Tug Along Rights


2. 
Board resolution of the two companies approving the incorporation of the joint venture company.
3. Audited Financial Statement of the indigenous and non-indigenous Ghanaian companies for the last three (3) years.
4. Key Personnel (CEO, COO, CFO and other senior Management Personnel) and brief description of their jobs, mandates, roles and responsibilities.

...
Responsible Institution


National Petroleum Authority

No.6 George Walker Bush Highway Adjacent Petroleum Commission Dzorwulu, Accra

Relevant Forms to Download

Not Available

Online System

Link Unavailable

Fees/ charges

Not Avaiable