Ghana Wants Locals to Benefit from Oil Production

A new law in Ghana requires oil and gas companies to make greater use of local products and services. The broad objective of the new law, known as Petroleum Regulation on Local Content and Participation, is to create jobs and promote business development. It gives preference to local groups in the granting of licenses for petroleum activities. The law further gives Ghanaians the opportunity to own up to a five percent stake in any investment by an international...

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