(1) The local content plan submitted to the Commission by a contractor, subcontractor, licensee or other allied entity shall contain detailed provisions

(a) to ensure that

(i) first consideration is given to services provided within the country and goods manufactured in the country where the goods meet the specifications of the petroleum industry as established by-the Standards Authority by other internationally acceptable standards;

(ii) qualified Ghanaians are given first consideration with respect to employment; and

(iii) adequate provision is made for the training of Ghanaians on the job; and

(b) on how the contractor, subcontractor, licensee or other allied entity intends to guarantee the use of locally manufactured goods where the goods meet the specifications of the petroleum industry as established by the Standards Authority or other internationally acceptable standards.

(2) A collective bargaining agreement entered into by a contractor, subcontractor, licensee or other allied entity in respect of the terms and conditions of employment of an association of employees shall be in accordance with the Labour Act, 2003 (Act 651).

(3) Without limiting sub-regulations (1) and (2), a local content plan shall have the following sub-plans:

(a) an Employment and Training Sub-Plan as provided in regulation 17;

(b) a Research and Development Sub-Plan as provided in regulation 21;

(d) a Legal Services Sub-Plan as provided in regulation 30; and Financial Services Sub-Plan as provided in regulation 32.