Discussions on regional integration to create synergies and accelerate development is essential particularly in countries with trade and local content polices. The main objective of AfCFTA is to among others create a single continental market, harmonise trade policies and enhance economic integration among member states. While the benefits of AfCFTA is eminent, the potential impact cannot be underrated particularly as certain provisions in the Agreement conflicts with the tenets of local content policies and may derail the gains achieved in local content development. There is a need for an optimal trade off in areas where Indigenous Ghanaian Companies can leverage on the benefits of a single market under AfCFTA and the advantages proffered by L.I.2204.
This session will discuss Ghana’s participation in AfCFTA, exploring the prospect and challenges for Local Content Development in the upstream oil and gas industry.
