An assessment of the effectiveness of local content in Ghana’s Oil and gas industry: a case study of Rigworld International Services Ltd
| dc.contributor.author | Arthur, Isaac | |
| dc.date.accessioned | 2025-07-03T18:35:25Z | |
| dc.date.available | 2025-07-03T18:35:25Z | |
| dc.date.issued | 2016-08 | |
| dc.description | A thesis submitted to the Department of Human Resources and Organizational Development, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirement for the degree of Master of Business Administration (Management and Organizational Development option, School of Business, College of Humanities and Social Sciences | |
| dc.description.abstract | ABSTRACT The discovery of any natural resource in every country often times comes with great exhilaration and a sense of anticipated positive impact because of the expected opportunities that are normally associated with the exploitation of these resources. The study seeks to assess the effectiveness of Ghana's local content policies in Ghana’s oil and gas industry. Since the researcher seeks to delve deeper into the topic, both quantitative and qualitative methods were employed for this study. The totalsample size for the study involves 80 respondentsfrom IOCs and staff of Rigworld International Services Ltd. The sampling technique used for this study was purposive sampling with selected respondents from IOCs, civil societies and staff of Rigworld International Services Ltd. The study found out that, majority of the respondents stated that local content legislation is in line with its intended goals and objectives. Concerning the practicality of the goals and objectives of the LC legislation, most of the respondents indicated the impracticality of the goals and objectives of the LC legislation. The study further revealed that there are a number of barriers impeding the activities of indigenous companies in the industry, these include- inadequate financing, lack of requisite human capital, lack of technological know-how. In addition, majority of the respondents held the view that the implementation of LC policies have inured to the benefit of indigenous companies, to the extent that one of the indigenous companies has had its management systems certified by International Standards Organization (ISO). The study recommended that the government through the ministries of Trade and Industry and Petroleum sho uld help universities and polytechnics establish training courses in line with the oil and gas industry. Secondly, the study recommends the revision of the LC policies to help address the impracticality and the abuse perpetrated by some OICs. Lastly, there is a recommendation for government to set up Venture Capital Fund iii iv to assist indigenous companies finance their capital intensive projects and expand their operations. | |
| dc.description.sponsorship | KNUST | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/17394 | |
| dc.language.iso | en | |
| dc.publisher | KNUST | |
| dc.title | An assessment of the effectiveness of local content in Ghana’s Oil and gas industry: a case study of Rigworld International Services Ltd | |
| dc.type | Thesis |