28 OMCs failed to pay taxes worth GHS226.9million between 2018 and 2019 – Audit Report

A report released by the Auditor General’s Department has said that 28 Oil Marketing Companies (OMCs) failed to pay GH₵226,942,904.00 taxes on petroleum products they lifted from the Tema Oil Refinery (TOR) between July 2018 to December 2019. This was contained in the 2020 Auditor General’s report on the public accounts of Ghana. According to the report, these OMCs failed to comply with Section 104 of the Customs Act 2015 (Act 891). It has thus recommended to the Commissioner of...

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Petroleum Pricing Not NPP nor NDC Matter – NPA

The National Petroleum Authority (NPA) on Wednesday, August 11 2021, organized a one-day workshop for media practitioners to educate them on what exactly goes into the pricing of petroleum products in the country. The event held at the Conference Hall of the NPA was attended by journalists who work with various media houses across the country. Chief Executive Officer of the NPA, Dr. Mustapha Hamid in his address at the event, said the ultimate goal of the workshop is to...

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I’m coming to solve TOR problems – New MD

Newly appointed Managing Director of Tema Oil Refinery (TOR), Edward Boateng is expressing his readiness of coming to fix challenges that have almost crippled the only state run oil refinery. According to the former Ghana's Ambassador to China and journalist with CNN and GBC, he believes he has what it takes to make TOR a viable asset. The country’s premier oil refinery established in 1963 by the first Ghanaian President, Dr. Kwame Nkrumah with the capacity to handle 45,000 barrel...

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Edward Boateng heads TOR

President Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng, as Managing Director of the Tema Oil Refinery (TOR). Mr. Boateng is expected to spearhead the transformation of the company. Edward Boateng takes office at the Tema Oil Refinery at a time when workers at the state institution have been up in arms against the previous management of the refinery for what they say is gross mismanagement of the organisation. Following the agitation by the workers, the Managing Director...

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Ghana: My Commitment Towards Clean Energy Technology Unshakable-Energy Minister

Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh says his commitment towards clean energy technologies, of which nuclear power is central, remains unshaken. The West African nation’s Energy Minister made this statement when he inaugurated the Board of Directors for Nuclear Power Ghana (NPG) at a short ceremony at the Ministry, in Accra, capital of Ghana. He stated that at a time when Ghana is working assiduously towards boosting its industrialisation with clean and reliable energy systems such as nuclear...

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Government is committed to implementing Cylinder Recirculation Model – NPA CEO

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has reiterated government's commitment to the implementation of the Cylinder Recirculation Model (CRM). Dr. Abdul-Hamid gave the assurance at a meeting with the LPG Marketers Association (LPGMC) at the Fiesta Royale Hotel in Accra on Wednesday. “It is not in our interest that four years after the commitment to implement a cylinder recirculation model, it has still not been done,” he said. http://cdn.modernghana.com/images/content/729202193604-0f728m3xxs-national-petroleum-authority-npa-2.jpeg “We at the...

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Play by the rules or lose your license – NPA boss warns OMCs

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has said that the regulatory agency will not hesitate to revoke the licences of industry players who continually flout rules of the sector. Dr. Abdul-Hamid said this at a meeting with board members of the Association of Oil Marketing Companies (AOMCs) at GIMPA on Monday. The meeting was part of his stakeholder engagements, meant to open channels of dialogue for the smooth operation of the industry. “We shall...

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Energy Minister inaugurates New Ghana Gas Board

Energy Minister, Dr. Matthew Opoku Prempeh has inaugurated the newly-constituted Governing Board of the Ghana National Gas Company. At a brief ceremony at the Ministry of Energy's conference room on Wednesday afternoon, Dr. Prempeh charged the new Board under the chairmanship of Assin Central MP, Kennedy Ohene Agyapong to tackle the operational challenges of the company earnestly. He said the nomination and swearing-in of the Board signified the President's trust in them and therefore they must justify the confidence. “Your...

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‘Africa must prioritise cleaner fuels in net zero emissions targets’

With its growing petroleum products demands and huge population growth over the next two decades, Africa must first focus on cleaner transport and cooking fuels to reduce air pollution and avert public health issues before embarking on global Net Zero Emissions (NZE) energy transition plans, according to the African Refiners and Distributors Association (ARDA). ARDA’s Executive Secretary and former Chief Operating Officer, Refining & Petrochemicals at the Nigerian National Petroleum Corporation (NNPC), Anibor Kragha, disclosed this during a virtual IPIECA...

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I’ll ensure rules, regulations are adhered to by petroleum downstream players – NPA boss

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has assured his primary objective is to ensure rules and regulations are adhered to by players in the petroleum downstream industry. He said, that is the only way the industry will achieve its vision, whilst players enjoy the full benefits of the industry. Addressing management of Puma Energy Ghana Ltd and Blue Ocean Investment Limited led by its Group Managing Director, Henry Osei, Dr. Abdul-Hamid noted that his aim...

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