A four-member delegation from the Moroccan Ministry of Energy Transition and the Customs and Indirect Administration is in the country to understudy the National Petroleum Authority’s petroleum distribution system relative to tax administration.
The team seeks to have a better insight into the implementation of the Unified Petroleum Price Fund (UPPF), the Bulk Road Vehicle (BRV) Electronic Cargo Tracking System, and the Petroleum Product Marking Scheme (PPMS) in providing revenue assurance to the government.
An arrangement has been made for the delegation to visit the Marker Warehouse and Storage; the Depot Marking operations; the BRV Operations and Sealing of Trucks; the NTL Laboratory, and also observe the testing of petroleum products at selected retail outlets to have hands-on experience in their operations.
The delegation is led by the Director of Customs and Indirect Taxes Administration, Chafik Essalouh, with Montassir Laksiri, Customs Division; Mohsinne Zaydi of the Ministry of Energy Transition, and Elmoutadikic Ahmed, a representative of the petroleum companies in Morocco as members.
Welcoming the delegation at the NPA in Accra on Monday, June 17, 2024, on behalf of the NPA, the Chief Executive, Dr. Mustapha Abdul-Hamid, a Deputy Chief Executive of NPA, Perry Okudzeto, said the NPA was ready to share its experiences with Morocco.
He said the country depended on the importation of petroleum products as only three refineries were operational in the country at the moment.
He said if Sentuo Refinery with 40,000 barrels per day capacity settles down, and the Tema Oil Refinery (TOR) resumes operations, their productions would cater for about 40 percent of the country’s demands.
Mr. Okudzeto said the NPA and the Ghana Revenue Authority (GRA) had deployed officers at the petroleum facilities to test the quality of products, check the volumes, and ensure that all petroleum products are accounted for and the right taxes and levies are calculated.
Mr. Okudzeto said the NPA and the GRA had integrated their systems so that whatever is done in the NPA’s system is seen by the GRA and vice versa.
Mr. said the PPMS, which has to do with the marking of petroleum products, ensures the integrity of petroleum products. At the same time, the BRV Electronic Cargo Tracking System tracks the movement of fuel tankers to prevent diversion.
Responding, Mr. Essalouh said the delegation was ready to learn about Ghana’s tax regime on petroleum products and consider the possibility of integrating into the Moroccan tax system
Latest Stories
-
Baby abandoned in manhole in Tema Community 1
3 mins -
We’ll establish fiscal council to rein in excessive borrowing – Finance Minister
9 mins -
Mortuary workers issue fresh strike threat
13 mins -
‘Lapses in banking system are not unique’ – John Awuah on managing fraud in Ghana’s Banks
21 mins -
Bawumia confident of victory in 2024 election
55 mins -
Strengthening audit institutions essential for tackling fiscal mismanagement – Domelevo
1 hour -
Healthy Aging: The Role of the Gut Microbiome and How Diet Can Help
1 hour -
Seek medical care, diagnosis for breast cancer – Dr Abiti to women
1 hour -
Hardship: Men now collect marriage list from different families to get cheapest – Report
1 hour -
‘If you’re looking for trouble, you’ll get it,’ Falz tells VeryDarkMan
1 hour -
Paramount Chief of Avenor grateful to NPP, calls for completion of Agenda 111 project
2 hours -
Bawumia commissions ultramodern office complex for Ho Municipal Assembly
2 hours -
Bawumia declares NPP’s infrastructure record unmatched
2 hours -
Importers face duty on Electric Vehicles despite gov’t’s exemption promises
2 hours -
4 additional Democracy Hub protesters discharged
2 hours