Ministry of Power and Invest in Africa Poised to Increase Local Content and Local Participation in Power Industry
Invest in Africa in collaboration with the Ministry of Power, has organized a workshop on the African Partner Pool (APP), Ghana's first and leading cross-sector online business portal that connects, through their tenders, the supply chain requirements of large businesses, both Ghanaian and international, to local suppliers, thereby enhancing transparency and reliability in local sourcing, while developing and growing the SMEs.
Currently numbering about one thousand five hundred (1,500), the local suppliers, who are mostly from the Small and Medium Scale Enterprise(SME) sector, are also provided with access to new markets and training.
Speaking at the workshop, Mr. Sam Brandful, Country Manager of Invest In Africa, explained that with the Ministry of Power’s agenda of empowering local content and local participation in the power industry, and IIA’s unique focus to connect both Ghanaian and international businesses to local suppliers, the collaboration was part of efforts to provide innovative business channels that support the development of local content and local participation in the Power Sector, hence a great way to further the activities of the Ministry with both public and private sector players.
He added that the APP provides SMEs with the opportunity to promote their products and services to the wider business world and gives them access, in one place, to the tenders of large companies from across sectors. “On the other hand, the APP platform helps these large companies and IIA Partners to find credible, independently validated, local SMEs through a user-friendly search function.” He therefore encouraged IIPs to register their companies on the APP.
In her keynote address, Mrs. Dufie Ofori, Local Content Director at Ministry of Power said, “Over the past ten years, the power industry has grown, with increases in power generation as a result of opening up the industry to Independent power producers, electricity distributors, meter manufacturing companies, wire cable manufacturing companies and electricity supply coverage to over 80% of the country.”
She revealed that not only will the energy sector create employment opportunities, but will also enable the country acquire the high-skilled expertise and financial resources that will propel growth in the entire Ghanaian economy.
“The GOG has approved a policy for Local Content and Local Participation in the Electricity Supply Industry, which is backed by the Energy Commission Act. The policy’s main goal is to ensure that by 2025, the Local Content or equity to the operations of players in the Industry will be at a minimum of 51%, with that of Local Participation or utilization of the local services, goods and human resources reaching a minimum of 60%,” she stated.
It is expected that all key stakeholders in the power sector will find the workshop beneficial to the industry.
Current organisations on the APP include Newmont Mining, Tullow Ghana, AB & David Law, GE, Millennium Development Authority (MiDA), Ecobank, UT Bank, Guinness Ghana, EY, GIPC, Modec Ghana, Societe Generale and Clyde & Co.