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(1) A licensee, contractor or sub-contractor shall prepare and implement a local content plan as prescribed.

(2) The local content plan shall be submitted to the Commission for approval.

(3) The local content plan includes

(a) a plan for fulfilling the applicable Ghanaian content requirements with respect to the provision of goods and services;

(b) a plan for the transfer to the Corporation of technological know-how and skills related to petroleum activities; and

(c) a detailed annual recruitment and training programme.

(4) The licensee, contractor or sub-contractor shall submit an annual report on the local content plan, describing the initiatives take in the preceding year and their results.