General News of Monday, 18 March 2019Source: ghanaiantimes.com.ghCabinet approves local content, participation policy – Oppong-Nkrumahplay videoKojo Oppong-NkrumahA new local content and participation policy in the downstream petroleum industry has been approved by cabinet, the Minister of Information, Mr Kojo Oppong-Nkrumah has announced. According to him the new policy which received approval on Thursday, March 14, was intended to ensure a fully Ghanaian-owned and driven petroleum downstream industry capable of attracting increased local value-added investments. The policy would also seek to enhance job opportunities, while increasing indigenous knowledge, expertise and technology in the industry for the overall benefits of Ghanaians. “Though there has been significant progress in the role and participation of Ghanaians in some of the downstream activities, the government believes there are still lots more space for Ghanaian participation,” he emphasised. “It will also strengthen public financial governance and boost domestic revenue mobilisation as well as fight against corruption,” he stressed.

Source: GhanaWeb March 18, 2019 02:48 UTC