Petroleum (Local Content And Local Participation) Regulations, 2013 (L.I. 2204)
Regulation 4
4. (1) An indigenous Ghanaian company shall be given first preference in the grant of a
petroleum agreement or a licence with respect to petroleum activities subject to the fulfillment of
the conditions specified in these Regulations.
(2) There shall be at least a five percent equity participation of an indigenous Ghanaian
company other than the Corporation to be qualified to enter into a petroleum agreement or a
petroleum licence.
(3) Despite subregulation (2), the Minister may vary the requirement specified in that
subregulation, in circumstances where an indigenous Ghanaian company is unable to satisfy the
requirement of the five percent equity participation.
(4) For the purposes of subregulation (2), the Minister shall determine the persons
qualified.
(5) The interest of an indigenous Ghanaian company arising from a petroleum agreement
or a petroleum licence is not transferable to a non-indigenous Ghanaian company.
(6) 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.
(7) A contractor, subcontractor, licensee or other allied entity shall before the
commencement of petroleum activities submit a plan to the Commission specifying
(a) the role and responsibilities of the indigenous Ghanaian
company;
(b) the equity participation of the indigenous Ghanaian company; and
(c) the strategy for the transfer of technology and know-how to the indigenous
Ghanaian company.
Procedure to Follow
Not Avaiable
Responsible Institution
Ministries Enclave Accra, Ghana Opposite Pension House, SSNIT
- Email: info@energymin.gov.gh
- Website: www.energymin.gov.gh
- GPS:
- Telephone: +233 302683961 – 3
Relevant Forms to Download
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Online System
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Fees/ charges
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