The Petroleum Hub Improvement Company has introduced that it’s working carefully with different companies within the power sector to streamline the registration course of from 300 days to 30 for power sector gamers looking for to function in Ghana.
To this finish, the Company has assembled varied companies throughout the power sector to dialogue and deliberate on the best way to cut back the registration course of for buyers within the petroleum sector.
Talking to Pleasure Enterprise, Chief Government of the Petroleum Improvement Company, Dr. Toni Aubynn, emphasised that the company is dedicated to working carefully with different companies to remove pointless bureaucratic hurdles and guarantee a seamless registration course of.
“Once you need to entice investments into these areas, you do not need them to undergo the old style bureaucratic inertia that buyers undergo. Our research have proven that to get all of the permits to determine a petrochemical plant, you’ll have to spend over 300 days.
“Which investor does that? Generally, 400 days you need to undergo all of the forms, the EPA, the petroleum fee, the petroleum authority, and all that. So we’re right here to try to see how we will minimize down on the bureaucracies, so that we are going to shorten the allowing time with out compromising the standard or the requirement of a allow,” he advised journalists.
In line with the Chief Government of the Petroleum Hub Improvement Company, Dr. Toni Aubynn, this can allow potential buyers to navigate the system extra effectively and make knowledgeable choices about investing within the petroleum hub.
He tells Pleasure Enterprise that, already, some buyers have proven curiosity within the Petroleum hub.
Delivering an handle on the Inter-Company Dialogue, Minister of Commerce, Business and Agribusiness, Elizabeth Ofosu-Adjare, assured buyers of the federal government’s dedication to making a extra investor-friendly atmosphere, making it simpler and quicker for firms to arrange operations within the nation.
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