{
  "id": 1779266,
  "title": "Ghana must move from participation to ownership in petroleum sector – Jinapor",
  "url": "https://urgent.news/2026/08/18/ghana-must-move-from-participation-to-ownership-in-petroleum-sector",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-18T19:21:29.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/ghana-must-move-from-participation-to-ownership-in-petroleum-sector-jinapor/"
  },
  "original_language": "en",
  "account": "Ghana's Energy and Green Transition Minister, Dr John Abdulai Jinapor, has urged the nation to transition from merely participating in the upstream petroleum industry to building globally competitive indigenous companies that can own and lead businesses in the sector. During the Petroleum Commission of Ghana's 15th anniversary celebration, Jinapor emphasized that while significant progress has been made in promoting local participation under the Petroleum (Local Content and Local Participation) Regulations, 2013 (L.I. 2204), the country must move beyond contracts to achieve true capability, ownership, and international competitiveness.\n\nAccording to Jinapor, Indigenous Ghanaian Companies secured around US$146 million in contracts in 2013, a figure that has since soared substantially to nearly US$5 billion out of an overall US$22.3 billion in total contract value by the first half of 2026. Despite these impressive figures, Jinapor stressed that Ghana's ambition should extend beyond mere participation to fostering locally-owned enterprises that possess the technology, expertise, and global competitiveness necessary to thrive in the petroleum industry. He reiterated the government's commitment to policies that deepen local participation while simultaneously ensuring that local companies develop the requisite capacity, technology, and skills to compete on the world stage.",
  "summary": "Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has called for a shift in Ghana’s participation in the upstream petroleum industry from securing contracts to building globally competitive indigenous companies capable of owning and leading businesses in the sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "GETFund explains mandate as EFPI expands partnerships to support Ghana’s education sector",
        "url": "https://urgent.news/2026/08/18/getfund-explains-mandate-as-efpi-expands-partnerships-to-support",
        "published": "2026-08-18T17:26:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}