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Empowering and developing local content in the sector is an integral part of our business. Currently, over 75% of our workforce are Ghanaians and we plan to reach more than 90% in the next five years. Our senior leadership team in Ghana includes the first Ghanaian female Deputy Managing Director.
As the operator of Ghana's two main oil fields - Jubilee and TEN - we have a responsibility to harness the oil and gas resources available to the country safely and efficiently and maximise the benefits for local people, communities, and all stakeholders.
Last year, Tullow Ghana spent 96% of its expenditure on both local and joint-venture companies in Ghana. This translated into a total of $220 million in contract value for indigenous entities and $317 million on joint-venture companies.
We focus on our local suppliers, ensuring that they have the best opportunities to succeed in the industry. Key to this is the Closing the Gap workshop we organise for suppliers, in partnership with the Petroleum Commission, which had more than 200 suppliers attend this year, and the Tullow Business Academy that provides training for local companies and entrepreneurs in the industry. We also hold a quarterly Supplier Market Day event to strengthen engagements and forge strong bonds with our many local suppliers and vendors.
The first edition of the Supplier Market Day for 2024 was recently held in Accra, bringing together more than 165 local suppliers to engage on topics including the role of digitisation in supply chain management and the impact of technology transfer on local businesses.
"Local content is at the heart of our operations as a progressive business in West Africa. We believe that a country's hydrocarbons must be a platform for socio-economic development and transformation, and we recognise that strong collaboration and partnership is necessary to advance the success of the industry in the decades to come. Programmes like this are, therefore, platforms for us to renew our commitment to you, show that we recognise your importance, and also advance our contribution to local content development in the sector." - Cynthia Lumor, Ghana Deputy Managing Director
In 2023, in partnership with the Petroleum Commission, we delivered six training workshops through the Business Academy, and also completed four Supplier Market Day events. We have also introduced a new digital platform - Coupa - to assist local suppliers in tendering and managing bids for contracts in the sector.
For close to two decades since oil discovery in Ghana, we have delivered on our promise to ensure local companies, professionals, and other resource entities, get a fair share at the table of contracts, training, employment, leadership and other significant activities in the oil and gas sector.