The government is aiming to have its local content policy legislation and amendments to the Natural Resource Fund Act debated in the National Assembly by the end of 2021, according to President Irfaan Ali.
The President, during a press conference yesterday, said that technical teams from Ghana are expected to arrive in the country in early November and will be reviewing a number of pieces of oil and gas-related legislation and projects.
“They will work with us on the finalization of our local content legislation and will assist in the amendment of the sovereign wealth fund legislation. The first phase of this technical team, which are the CEOs, the highly competent persons in these specific areas, will be here very early in the new month to start work. All of these areas – the local content legislation, the amendment to the sovereign wealth fund legislation are to be tabled in the National Assembly and debated before the end of this year,” President Ali informed.