Dublin Core
Title
Assessing the Concept of Local Content in Ghana’s Upstream Oil and Gas Sector.
Creator
Rhoda Arthur
Description
The study sought to present an assessment of the concept of local content in Ghana’s upstream oil and gas sector. It employed the mixed method Research Approach using both semi-structured interviews and questionnaires to collect data with study population being actors in the upstream oil and gas industry in Ghana.
The mixed method was used with questionnaire and interview used to collect data. The purposive sampling was applied. to select 25 employees and 5 experts in the oil and gas industry.
The study revealed that the local content policy was being implemented and monitored for effective compliance to be achieved. However, it is more effective with non- technical activities as compared to technical activities. The reason being that unlike other business sectors, the upstream technical environment needs a suite of qualification to fit in owing to its risky environment. Again it was revealed that most Ghanaians do not have the appetite to work in the technical environment.
It was recommended that there should be more strategic alliances among local firms to enhance their capacity for contract award and execution. Also, compliance to the local content fund should be intensified while local institutions and universities should be given the necessary accreditations to train and provide the needed certifications required to work in the upstream industry. Local banks Ghana should be encouraged to provide financial support to indigenous Ghanaian.
The mixed method was used with questionnaire and interview used to collect data. The purposive sampling was applied. to select 25 employees and 5 experts in the oil and gas industry.
The study revealed that the local content policy was being implemented and monitored for effective compliance to be achieved. However, it is more effective with non- technical activities as compared to technical activities. The reason being that unlike other business sectors, the upstream technical environment needs a suite of qualification to fit in owing to its risky environment. Again it was revealed that most Ghanaians do not have the appetite to work in the technical environment.
It was recommended that there should be more strategic alliances among local firms to enhance their capacity for contract award and execution. Also, compliance to the local content fund should be intensified while local institutions and universities should be given the necessary accreditations to train and provide the needed certifications required to work in the upstream industry. Local banks Ghana should be encouraged to provide financial support to indigenous Ghanaian.
Subject
MBA. Petroleum Economics and Finance
Publisher
Ghana Technology University Library
Date
May 2018
Contributor
Dr. Riverson Oppong