Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for neighbouring countries back onto the Ghanaian market, saying the only way is for government to crack the whip . “Until somebody is arrested and processed and sent to prison this thing will never ever stop,” William Tewaih … Read more
The Managing Director of GOIL, Patrick Akorli, has said Oil Marketing Companies (OMC’s) are shutting down and laying off staff due to the activities of some individuals who smuggle petroleum products into the country. The illegal importation of fuel, according to the National Petroleum Authority, leads to an annual loss of GHS850million due to tax … Read more
The Chamber of Petroleum Consumers (COPEC) Ghana is demanding full scale investigations into the proliferation of black market trade in the petroleum downstream sector that allegedly caused the country to lose GHC850 million in revenue in 2016. It claimed the National Petroleum Authority and other revenue agencies are aware of the phenomenon where some operators … Read more