- The vice president has unveiled the NPA’s digital retail fuel tracker
- The country lost GHC4.7billion in tax revenue in the sector between 2015 and 2019
- Dr. Mahamudu Bawumia expressed hope that the recent innovation will block that leakage
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Vice President Dr. Mahamudu Bawumia has launched the National Petroleum Authority’s Digital Retail Fuel Monitoring System.
The innovative system will ensure that fuel in OMC tanks across the country can be monitored by NPA, curbing illicit activities in the petroleum down streaming sector including unauthorised third-party deliveries, fake receipts, smuggling, among others.
Unveiling the NPA’s tracker on Wednesday, April 7, 2021, the vice president said any OMC that receives illegal fuel would be found out under the new system.
"I am particularly delighted that the NPA is leveraging on technology to improve efficiency and effectiveness in the distribution of petroleum products in the Petroleum Downstream Industry," he said.
He said it is estimated that the country between 2015-2019 lost GHC4.7 billion in tax revenue as a result of illegal activities in the petroleum sector.
He said: "Actions, decisions, and policies of individuals and corporate bodies which result in petroleum product distribution leakages and the associated revenue losses to the State have serious negative effects on the developmental agenda of the government."
"With this latest initiative of the Retail Outlet Fuel Monitoring System, we look forward to blocking revenue leakages and improving revenue mobilization that would contribute to Government’s efforts to providing social services and funding for infrastructural development,” he added.
In other news on YEN.com.gh, award-winning Ghanaian actress, Lydia Forson, painted a miserable picture of Ghana under the Akufo-Addo administration.
In a series of tweets sighted by YEN.com.gh, the ‘Keteke’ actress said: “This country is exceptionally hard for anyone who wants to walk the right path!”
She bemoaned the disturbing phenomena where people had to “cut unthinkable corners” to make ends meet in the current Ghanaian economy.
“Everywhere bribe! Even if you don’t want to, it’s what you have to in a lot of cases. Mabr3,” she stated.
Forson’s frankness generated loads of reactions.
@iam__kusi in his reaction narrated his painful ordeal with the GRA.
This problem erh, I went to GRA to register my company for VAT. The new company these guys were demanding 3500 for a newly registered company about to start operations. Meanwhile, Vat registrations are supposed to be free.
@OwenPasino praised Forson’s bravery in holding those in power accountable.
I like her bravery spirit. She says things as they are. "The unthinkable corners" heerrrr hmmm. Some of your colleagues will come out to say hard work.
Hard truth. But we CANNOT develop without doing the RIGHT THING. REASON why we have so many die-hard supporters all over. But it will surely change; will not be like this forever!
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