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IMPACT – MEDIUM
What is the compliance reminder? Ghana’s Petroleum Commission is requesting that all companies in the oil and gas sector submit a succession, employment and training plan by Thursday, Feb. 28, as part of their 2019 local content documentation requirements.
Background: Ghanaian authorities continue to focus on protecting and developing the local workforce through rules that encourage companies to hire and train Ghanaians and adopt succession plans to transfer skills to local workers. Succession plans, which are documents outlining how the skills and duties performed by foreign employees will be transferred to local employees, have become prevalent in sub-Saharan African countries. They are used by employers alongside a training plan that gives local employees hands-on experience during the period when foreign nationals are performing the work.
Analysis & Comments: Employers should submit the forms by the end of the month to avoid noncompliance and monetary penalties.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
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