This is the second in a series of trainings in Supplier Due Diligence, designed by the Petroleum Business Academy and the Local Content division of Tullow Ghana, to help suppliers identify industry standards in conducting ethical business.
Opening the session, Director for Local Content of the Petroleum Commission, Mr. Kweku Boateng, thanked Tullow Ghana for the collaboration and urged the participants to take full advantage of the session to ask all relevant questions that will make them competitive and deserving of industry contract awards.
Associate General Counsel and Director of Legal for Tullow Ghana, Mrs. Hannah Agbozo, on her part, underscored the importance of supplier development and alignment with the national local content agenda as 2 key initiatives under the Local Capacity Development Pillar of TGL’s 2021 local content strategy. Mrs. Agbozo said there has been a continuous increase in the value of contracts awarded to both indigenous and joint venture companies between 2010 -2020, indicating that of a total of $16.18 billion spent over the period, $10.67Bn worth of contracts have been awarded with local participation.
Standard processes and procedures executed prior to contract award aim at collecting supplier information on anti-bribery and corruption controls, ownership and/or shareholder structure, compliance with international sanctions and trade restrictions and human rights and labour conditions within their supply chain.
It is envisaged that this training will provide the over 160 participants, an overview of the Supplier Due Diligence Process, including the electronic platform interface used by suppliers to submit their responses, explain the purpose and format of the due diligence issued to suppliers, share some of the common problematic due diligence responses received by Tullow Ghana, share examples of good practice for submitting due diligence response, and provide an overview of the contractual audit clause related to business ethics and compliance.
Source: 3news.com
