Transcript
BEN ASANTE
In terms of doing more to enhance localization, I think government has to track more whether or not it is meeting its objectives of localization. So in terms of monitoring the companies, what does [INAUDIBLE] their schedule is, what kinds of plans they have for localization. We need to be very specific about how far we have achieved those goals. That, I think, is critical. I think one of the other issues is the capital issue, access to capital for a local private sector. That is not easy to achieve. But people have talked about pooling resources. Unfortunately, Ghana is not- in terms of the business community, people don't like to work together in partnerships and so on. So there has to be a deliberate effort on government to try to find ways in which we can make credit accessible, but also to create an environment for people to partner. So if it's to do with, say, the 5% requirement for equity holding in an oil and gas agreement, how can they bring people together to participate in that? So those, I think, are going to be critical of things that government needs to do going forward.