NPA reveals how $200 million oil cash vanishes from Ghana every year

NPA reveals how $200 million oil cash vanishes from Ghana every year

- The chief executive officer of the National Petroleum Authority (NPA), Hassan Tampuli, has disclosed that Ghana loses over $200 million yearly in the petroleum sector

- He also listed the unapproved routes through which petroleum products are smuggled, leading to loss of revenue

- The CEO added that measures are being implemented to ensure that the practice is brought to a stop

The National Petroleum Authority (NPA) has disclosed that Ghana loses about $200 million every year due to illicit activities in the petroleum sector.

According to the chief executive officer (CEO) of the NPA, Alhassan Tampuli, the Takoradi port, Tema main Port, Prampram, Aflao and the eastern coastline are the unapproved offshore routes for smuggling of petroleum products.

Speaking at the 2019 edition of the Ghana International Petroleum Conference in Accra, on Wednesday, July 10, 2019, he said these activities also result in a loss of about $12 million from the unified petroleum price fund annually.

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Per a report by 3news.com, he added that unknown people in the petroleum sector are engaged in nefarious activities, which eventually leaves the country poorer.

Some of the products smuggled and siphoned into surface tanks, he stated, were premix, marine gas and gasoline.

Tampuli revealed poor quality products from some neighbouring countries are smuggled by road through unapproved entry points between Ghana and Togo.

These products, he went on, eventually end up at private tank yards, mining companies and other retail outlets.

The ceo again noted that some people have been dumping gas oil declared for sale to foreign vessels at local filling stations while others have been engaging in under-declaration and non-declaration of products lifted at various depots.

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He however noted that the GNPC has in collaboration with the Ghana Revenue Authority, the Ghana Navy and the security agencies, rolled out measures to tackle the problem head-on to save the nation from the loses.

In other news armed police officers have surrounded the Takoradi Flour Mill.

This comes after angry workers besieged the office of the managing director, Thierry Loupiac, and removed him from his office.

YEN.com.gh understands that the workers entered his office and asked him to leave because they could not work under his unfriendly administration, as he lacks proper leadership skills and constantly abuses them.

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Source: Yen.com.gh

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