National Petroleum Authority

Gold-For-Oil: Govt Spent $40m On First Consignment – NPA
06 Feb

Gold-For-Oil: Govt Spent $40m On First Consignment – NPA

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The National Petroleum Authority (NPA) has revealed that the initial 40,000 tonnes of diesel that arrived in January under the Gold-for-oil policy were valued at US$40 million. The clarification by the NPA comes after several calls by industry experts including the Institute of Energy Securities for the government to provide details on how much it spent on the initial consignment. In a statement, the NPA added that it will put measures in place to ensure that OMCs that lift products supplied under the programme pass the price on to consumers accordingly. “In this respect, BIDECs and OMCs who lift and…
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We Won’t Condone Any Bad Practices – NPA Warns Oil Marketing Companies
13 Jan

We Won’t Condone Any Bad Practices – NPA Warns Oil Marketing Companies

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The National Petroleum Authority (NPA) has sounded caution to Oil Marketing Companies (OMCs) not to engage in practices that contravene the rules governing the sector. The caution was given by the Public Relations Officer of the NPA, Mohammed Abdul Kudus, in an interview with Nana Yaw Kesseh on "Kokrokoo" morning show on Peace FM. Mr. Mohammed Kudus stated emphatically that the NPA will not condone any bad practice by any of the OMCs and will take sanctions against any oil marketer who breaches the terms and conditions. "In fact, it is important for the industry so that at least when you sanitize it…
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Oil Marketing Companies Owe Government ¢400m – Dr Abdul-Hamid
11 Jan

Oil Marketing Companies Owe Government ¢400m – Dr Abdul-Hamid

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Oil Marketing Companies (OMCs) in the country owe the government more than ¢400 million, Dr Mustapha Abdul-Hamid, the CEO of the National Petroleum Authority (NPA), has stated. The debts, he said are in the form of taxes stressing it was rather unfortunate that “the OMCs don’t want to pay taxes.” Dr Abdul-Hamid said this when he inaugurated the newly refurbished 60-seater capacity conference hall of the Bono Regional Coordinating Council (RCC) in Sunyani, funded by the NPA through the Authority’s Corporate Social Responsibility fund. He said although God had blessed the country, the bad attitudes of many Ghanaians remained the bane…
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