Ghanaians in the diaspora have been encouraged to come home to explore the numerous business opportunities the upstream petroleum industry presents.
CEO of Petroleum Commission, Egbert Faibille Jnr. said although the upstream sector is evolving, it seeks to create fair and equitable competition in a credible manner.
He was speaking at the Oil and Gas SME Networking Session organized by the Ghana Houston Business Chamber during a panel discussion recently.
The session afforded Ghanaians in the diaspora the platform to understand the country’s oil and gas sector and collaborate with Ghanaian SME’s in the upstream sector to tap into opportunities
Stressing on the importance of regulation (L.I 2204), the CEO of the Commission indicated the need for diasporans to drive the Ghanaian economy is paramount.
“A conducive environment will be created for the diasporas to invest in the various sectors of the economy,” he said.
He further explained the processes involved in registering with the Commission as well as the importance of Joint Venture agreements and protocols in the industry.
The Country Manager of Kosmos Energy, Dr Joe Mensah shared his experience on how he overcame challenges relating to settling and operating a business in Ghana a decade ago when he decided to move to the country.
He indicated that diasporans willing to operate businesses in the oil and gas industry in the country should avoid the negative perceptions and imbibe the “I-can-do-it” attitude.
Director of Local Content of the Commission, Kwaku Boateng said in a submission: "Local Content is a catalyst for development and offers opportunities for local companies and creates opportunities.
Therefore, as a Commission, we are committed to ensure that players in the industry play critical roles and make a significant impact in the industry.”
The Ghana-Houston Business Chamber is made up of Ghanaians in Houston. The Chamber seeks to foster partnerships aimed at promoting trade and investment between both countries.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mr Daniel Kofi Asante aka Electrician
23 seconds -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
5 mins -
Election 2024: Engagement with security services productive – NDC
7 mins -
‘Let’s work together to improve sanitation, promote health outcome’ – Sector Minister urges
8 mins -
Ellembelle MP cuts sod for six-unit classroom block at Nkroful Agric SHS
11 mins -
‘I’ll beat the hell out of you if you misbehave on December 7’ – Achiase Commanding Officer
14 mins -
AFPNC leads the charge on World Prematurity Day 2024
20 mins -
Court remands unemployed man over theft of ECG property
26 mins -
Election security rests solely with the police – Central Regional Police Command
28 mins -
NCCE engages political youth activists at Kumbungu on tolerance
28 mins -
‘In Mahama’s era students lacked chalk, but are now receiving tablets’ – Bawumia
38 mins -
Project commissioning not a ploy to attract votes – Oppong Nkrumah
40 mins -
CBG records GH¢1bn revenue in Q3
42 mins -
Mahama vows to create an agro-processing zone in Afram Plains
56 mins -
Political parties should plan for losses, not just wins – IGP advises
58 mins