The quality of petroleum products sold by oil marketing companies in Ghana has improved significantly, with the level of adulteration reducing from 35 percent in 2012 to 1.59 percent in 2022.
NPA reduces contaminated fuels from 32% to 2 5% thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.
NPA reduces contaminated fuels from 32% to 2 5% modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
+
The Chamber of Bulk Oil Distributors (CBOD) has revealed that the government lost GH₵1.9billion to tax evasion in 2019, Mr Senyo Hosi, the CEO of CBOD has disclosed.
The Chamber blames the losses on a compromised Petroleum Product Marking Scheme (PPMS).
According to myjoyonlinecom Mr Hosi who made the revelation at the virtual launch of the 2019 Ghana Petroleum Industry Report in Accra, said the PPMS which was established in 2012 by the National Petroleum Authority (NPA) to respond to the growing occurrences of petroleum smuggling, dumping of untaxed products and adulteration of petroleum products was possibly compromised at the depots.
He noted that perpetrators of these illegal activities who often distribute their products through the traditional channels like retail outlets and bulk consumer points led to major losses in government revenue and compromised the quality of products, further leading to damage to vehicle engines and breaches of environmental and health standar
GHS 1 9 billion lost to petroleum tax evasion in 2019 ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.