PETROSOL Ghana Ltd, a leading privately-owned indigenous Oil Marketing Company (OMC) has been congratulated by the Commissioner-General of the Ghana Revenue Authority (GRA), Dr. Amishaddai Owusu-Amoah for its tax compliance.

In a letter signed by the Commissioner-General of the GRA and addressed to the Managing Director of PETROSOL, he indicated that the Revenue Assurance, Compliance and Enforcement (RACE) committee of the Ministry of Finance, in collaboration with the Ghana Revenue Authority (GRA), the National Petroleum Authority (NPA) and the Association of Oil Marketing Companies (AOMC) conducted a reconciliation exercise to confirm petroleum taxes paid by OMCs over the period, January 2015 to July 2020.

After the exercise, Rev. Dr. Owusu-Ansah indicated in his letter that the GRA could certify that PETROSOL is not indebted to the GRA in respect of petroleum taxes and levies as it has dutifully paid all the taxes and levies amounting to about ¢476 million.

The Commissioner-General therefore expressed his satisfaction by urging PETROSOL “to continue to play your roles as corporate citizens. Accept our congratulations on your compliance.”

The Managing Director of PETROSOL, Michael Bozumbil, expressed his delight about the news indicating that it would serve as a morale booster for him and his team to continue on the path of ethical practices.

According to him, notwithstanding the challenges in the industry and the economy as a whole, he and his team have resolved to continue to do what is right so as to contribute to government revenue and economic development. 

He therefore expressed his hope that the state and its agencies would also support PETROSOL to grow and do more for the state.

PETROSOL is a triple-ISO certified OMC that has won several awards for its commitment to industry best practices and ethical conduct. It operates several fuel stations across the country and also supplies bulk consumers of petroleum products.