The Petroleum Commission says Ghana needs an indigenous pool of experienced and highly skilled upstream service companies willing to prioritise, adapt and compete prudently in the oil and gas industry.
The Commission is therefore working together with other state actors including; the Registrar General's Department and the Ghana Revenue Authority to begin the enforcement of the relevant laws.
Other measures such as tax assessments on the basis equity participation and profit sharing, revocation of operating permits and non-issuance of permits to Indigenous Ghanaian Companies (IGCs) and their partners engaged in fronting would be taken against such companies.
