Kwaku Agyemang Duah

OMCs Are Struggling, Some Are Making No Profits – Agyemang Duah

OMCs Are Struggling, Some Are Making No Profits – Agyemang Duah

Chief Executive Officer of the Association of Oil Marketing Companies, Kwaku Agyemang Duah, says OMCs across the country are struggling. According to him, at the beginning of the year “we had almost about 40% of them who were struggling such that month-on-month they were not making anything.” “They were only trying to survive to make sure that they just break even and others are even under the water now and they’re trying to struggle to come up.” He chalked the phenomenon to the strong competition in Ghana’s petroleum sector. He stated that the country’s oil marketing sector has become saturated,…
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