Mining firms in the country will from end of next month be required to procure all their inputs that can be sourced locally. They would also be required to submit a five-year procurement plan to the Minerals Commission for approval. These were some of the highlights contained in the revised local content law set to come into force from the end of May. Ben Aryee, Chief Executive of the Minerals Commission at the ongoing Buyers and Suppliers forum for mining firms in Accra said companies that import goods that can be sourced locally will not be granted any duty exemption as they will pay they will the full duty being the first sanction. According to the CEO, defaulting companies will pay a further levy as disincentive just to make business sense for these companies to buy locally rather than import. The President of the Chamber of Mines, Dan Owuredu however told Joy Business that the government has to grow the capacities of these local firms in order for the revised to be meaningful. Government is also expected to come up with a list of items that mining firms should source from, which will be reviewed yearly. Mining firms are currently sourcing about 40% of their good and service.