- Government’s 15% mandatory participation in oil projects under scrutiny
- Calls for regulatory stability and improved data to boost sector competitiveness
Accra, Ghana – Ghana’s Petroleum Commission is evaluating a reduction in the country’s 15% state participation in oil exploration projects as it seeks to attract investors amid growing regional competition. Neighboring countries, including Côte d’Ivoire and Nigeria, offer lower state participation rates, typically around 10%, giving them a competitive edge in luring international oil companies.
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