Regulation 11. The purpose of these Regulations is to(a) promote the maximisation of value-addition and job creation through the use oflocal expertise, goods and services, businesses and financing in the petroleumindustry value chain and their retention in the country;(b) develop local capacities in the petroleum industry value chain through education,skills transfer and expertise development, transfer of technology and know-howand active research and development programmes;(c) achieve the minimum local employment level and in-country spend for theprovision of the goods and services in the petroleum industry value chain asspecified in the First Schedule;(d) increase the capability and international competitiveness of domestic businesses;(e) create petroleum and related supportive industries that will sustain economicdevelopment;(f) achieve and maintain a degree of control for Ghanaians over developmentinitiatives for local stakeholders;(g) provide for a robust and transparent monitoring and reporting system to ensuredelivery of local content policy objectives;(h) provide for the submission of the local content plan and related sub-plans bycontractors, subcontractors, licensees and any other allied entity involved in thepetroleum industry including(i) the provision of goods and services;(ii) the transfer to the Corporation or the Commission and Ghanaians o fadvanced technology and skills related to petroleum activities;(iii) a recruitment and training programme; and(i) supervision, coordination, implementation and monitoring of local content.