Audio By Carbonatix
Government officials are reportedly complicit in the illegal trade of some petroleum products including premix.
A 2017 report on the state of the petroleum sector put together by the Chamber of Bulk Oil Distribution (CBOD) said some government officials were complicit in the illegal trade of petroleum products.
According to the report, the government has, over the years, also failed to sanction persons involved in the diversion of premix fuel, among other things
“Illegal trading of products continues to be a bane of the industry and the national economy. Smuggling through the ports, premix and marine gas oil diversion (MGO oil) and export product dumping account for the majority of the illicit petroleum trade.
“The disappointing observation has been the absence of strong will by the central government to deal with this trade, despite modest arrests recorded. Reports received by the CBOD and other key stakeholders (2016 to 2018) continue to suggest that officials of the National Security and Ghana Revenue Authority (Customs Division), as well as operatives at the presidency among others, may be complicit,” the report said.
Premix fuel diversion, according to the report, accounts for “the majority of the illicit petroleum trade”.
NPA boss, Hassan Tampuli
It further indicated that “unlawful profiteering through tax evasion and subsidy abuse continues to incentivise the illicit trade in premix and other petroleum products.”
Premix fuel diversions in 2017
In 2017, it emerged that at least 200 litres of premix fuel had been diverted by Oil Marketing Marketing Companies that claimed to supply the product outside Accra but ended up selling for industrial purposes at a higher price in Accra.
This was indicated in a series of letters from the National Petroleum Authority (NPA), to the National Premix Committee and the Ministry, alerting them over the development. The Ministry, however, failed to act on the matter.
‘We can’t punish perpetrators’
The Chairman of the National Pre-mix Fuel committee, Nii Lantey Bannerman, had told Citi News his outfit does not have the power to sanction persons who divert subsidised premix fuel meant for fisherfolk to other areas.
He had stated that only the National Petroleum Authority (NPA) could sanction or withdraw the licenses of the Oil Marketing Companies (OMCs) who perpetrate such acts.
Latest Stories
-
Nollywood special effects artist, James Akaie dies on set following gas explosion
3 minutes -
27-year-old sentenced to seven years for pouring acid on former student
29 minutes -
Ghana’s US envoy links job creation to ending youth deportations
59 minutes -
Blair and Rubio among names on Gaza ‘Board of Peace’
2 hours -
Minister calls for inter-ministerial force to fix Accra’s rush-hour transit crises
2 hours -
Sarkodie’s Rapperholic UK edition sells out Royal Albert Hall
3 hours -
Academic exodus: Ghanaian PhD students in UK forced to withdraw as Scholarship Secretariat fails to pay fees
3 hours -
Antoine Semenyo’s £65m Manchester City switch sparks discussions in UK Parliament
4 hours -
Transport crises, Prof. Frimpong-Boateng v NPP and LGBTQI issues take centre stage on Joy Prime’s ‘Prime Insight’
4 hours -
Ghana Navy busts major fuel smuggling syndicate along Volta coast
5 hours -
Karaga MP donates 4,000 gallons of fuel to boost livelihoods in New Year outreach
6 hours -
GIPC CEO engages European Parliament delegation on Ghana’s investment reforms
6 hours -
Oppong Nkrumah, 5 others didn’t accept campaign support from Bryan Acheampong – Pius Hadzide backtracks
6 hours -
BoG rejects market speculation, emphasises data-driven policies
7 hours -
BoG targets consolidation, discipline in 2026 policy direction
7 hours
