The Nationwide Petroleum Authority (NPA) has revoked the licenses of 13 Oil Advertising Corporations (OMCs).
It follows the shortcoming of the companies to settle money owed owed trade regulators just like the NPA, Ghana Income Authority and the Bulk Oil Storage and Transportation Firm.
The funds are mentioned to be working into greater than GH₵200 million.
These are monies which were collected as levies, and margins on petroleum merchandise offered, however the firms have didn’t remit the funds to the suitable state establishments.
The Chief Government of the Affiliation of Oil Advertising Corporations, Riverson Oppong who disclosed this in an interview inspired the NPA to go after the administrators of the businesses.
He cautioned that the trade is a delicate one which have to be scrutinized to make sure that all events obey the principles and laws.
“The main points of the administrators of those firms are with the NPA. Earlier than any firm is issued a license the NPA calls for the names of the administrators of the corporate. These names must be made public”, he mentioned stressing that such an motion will take away dangerous operators from the trade.
He disclosed that a few of the money owed are intentionally accrued since a few of the administrators of the OMCs in debt are working different OMCs within the trade.
“These identical administrators who established the OMCs and have accrued this money owed do produce other OMCs working of their names. The query is why would the administrators of the businesses in debt produce other OMCs within the system run of their names”, he queried.
Mr. Oppong introduced that there are measures put in place to keep away from such money owed from rising.