realityapp realityapp realityapp
  • 3Sports
  • Home
  • MG Radio
3news
Advertisement
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
3news
No Result
View All Result
Home Business

Ghana loses $200m in the petroleum sector to illicit activities

July 10, 2019
File photo,

Ghana loses 200 million dollars of tax revenue to smuggling of petroleum products and other nefarious activities in the petroleum sector every year.

realityapp realityapp realityapp

Chief Executive of the National Petroleum Authority Alhassan Tampuli who described these nefarious activities as “lucrative”, mentioned Takoradi port, Tema main Port, Prampram, Aflao and the eastern coastline as the unapproved offshore routes for the smuggling.

“These nefarious activities of the petroleum service providers and some that are not even service providers, led to the country losing colossal 200 million dollars per annum of tax revenue,” he said.

Speaking at the at this year’s Ghana international petroleum conference in Accra Wednesday, he said these activities are also causing the country to lose about 12 million dollars from the unified petroleum price fund annually.

RelatedPosts

Gushegu: NPP’s Alhassan Tampuli promises ‘1-teacher 1-laptop’

November 5, 2020

COPEC, CPA threatens to sue NPA over cylinder tax

April 4, 2020

Fuel stations using digitally controlled dispensers to cheat consumers

September 3, 2019

Mr Tampuli indicated that some elements in the petroleum industry have made it their business to engage in nefarious activities which eventually leaves the country poorer.

He expressed concerns about smuggling of subsidised products such as premix, marine gas and gasoline, as well as what he termed fraudulent freight claims from some transporters and siphoning of LPG from bulk vehicles into surface tanks.

The Chief Executive revealed poor quality products from some neighbouring countries are smuggled by road through unapproved entry points between Ghana and Togo and eventually end up at private tank yards, mining companies and other retail outlets.

Again, he said some players have been dumping gas oil declared for sale to foreign vessels at local filling stations while some of them have been engaging in under declaration and non-declaration of products lifted at various depots.

“Over 300,000 metric tonnes of actual annual consumption was unreported [last year]” he said.

On the back of these, he said the GNPC has in collaboration with the Ghana Revenue Authority, the Ghana Navy and the security agencies rolled out measures to tackle the problem head on to save the nation from the loses.

“I believe it is time for petroleum players in the sub region to engage in a dialogue and the issues that confront us and find common unique solutions for the advancement of our respective countries.

By 3news.com|Ghana

Previous Post

Ghana loses $200m in the petroleum sector to illicit activities

Next Post

Don’t blame artistes for Menzgold saga – Becca

Related Posts

elections

Gushegu: NPP’s Alhassan Tampuli promises ‘1-teacher 1-laptop’

November 5, 2020
Business

COPEC, CPA threatens to sue NPA over cylinder tax

April 4, 2020
Business

Fuel stations using digitally controlled dispensers to cheat consumers

September 3, 2019
Business

Fuel stations using digitally controlled dispensers to cheat consumers

September 3, 2019
Business

LPG Cylinder Re-circulation to start in October

July 18, 2019
Business

LPG Cylinder Re-circulation to start in October

July 18, 2019
Next Post

Don’t blame artistes for Menzgold saga - Becca

Discussion about this post

Stay Connected

  • 1.7M Fans
  • 211k Subscribers
realityapp realityapp realityapp
  • Trending
  • Comments
  • Latest
Video: I’m gay, I prefer men like John Dumelo – Pappy Kojo

Video: I’m gay, I prefer men like John Dumelo – Pappy Kojo

February 21, 2021

Eugene Arhin dragged to court for ‘adultery’; wife demands GH¢2m in settlement

February 11, 2021
Esther Cobbah appointed onto board of IPRA

Esther Cobbah appointed onto board of IPRA

February 18, 2021
NPP PC aspirant defects to NDC in Odododiodio

NPP PC aspirant defects to NDC in Odododiodio

February 23, 2021
Video:  Bawumia and Samira take COVID-19 Vaccine

Video: Bawumia and Samira take COVID-19 Vaccine

March 1, 2021

Finance Ministry frustrates work of PIAC, fails to release data on oil cash for the fourth time

March 1, 2021

Akufo-Addo took the vaccines first to assure Ghanaians of its safety – Gabby

March 1, 2021

Be measured in your utterances – Peace Council urges ahead of SC’s verdict on election petition

March 1, 2021

Recent News

Video:  Bawumia and Samira take COVID-19 Vaccine

Video: Bawumia and Samira take COVID-19 Vaccine

March 1, 2021

Finance Ministry frustrates work of PIAC, fails to release data on oil cash for the fourth time

March 1, 2021

Akufo-Addo took the vaccines first to assure Ghanaians of its safety – Gabby

March 1, 2021

Be measured in your utterances – Peace Council urges ahead of SC’s verdict on election petition

March 1, 2021
3news

3news.com is the fastest growing news portal in Ghana. Get all breaking news updates, latest news headlines, local and world stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

Recent News

Video:  Bawumia and Samira take COVID-19 Vaccine

Video: Bawumia and Samira take COVID-19 Vaccine

March 1, 2021

Finance Ministry frustrates work of PIAC, fails to release data on oil cash for the fourth time

March 1, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Media General - Developed and managed by MG Digital.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus

© 2021 Media General - Developed and managed by MG Digital.