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Company News from Tuesday, April 23, 2019
Source: NPA
2019-04-23
Officials of the NPA after the meeting with Brig. General Peter Nicholas Andoh
The National Petroleum Authority (NPA) appears to be relentless in its fight against fuel smuggling activities in the downstream sector of the country.
The activities of the fuel smuggling syndicates have a detrimental effect on the
revenues from the government and petroleum marketing companies, who are often forced to adjust prices to meet revenue expectations.
In February of this year, for example, the NPA confiscated petroleum products estimated at about 1 million GHC, which were smuggled into the country.
The regulator stated that a total of 28 BRVs, 6 canoes, 4 mobile pumps and 5 outboard motors carrying 709,250 liters of petroleum products illegally smuggled with a tax value and levies of 1,150,186 GHC were confiscated.
The arrest, carried out in collaboration with the security agencies, is part of the NPA's ongoing plans to deal with the fraudsters of the sector.
NPA chief executive Hbadan Tampuli said the power is far more than enough to fight the criminal gangs operating in the sector, and nothing will be left out in this regard.
At a meeting with Brig. General Peter Nicholas Andoh, General Director of the Ghana Armed Forces (GAF) who paid him a courtesy call, said the measures put in place were producing positive results, according to him, the oil marketing companies are attesting to.
He added, however, that strengthening existing relationships with security agencies remained a priority for the Authority, adding: "We consider it our duty to facilitate your work" in order to deal with criminals of the sector.
"The processing of the information is just as important and we are delighted that you came to visit us," he added.
He revealed the existing collaboration with national security, which has helped the NPA to make several arrests of people smuggling oil products into the country.
Tampuli said intelligence gathering would remain critical, optimistic that the NPA would benefit from the expertise of the Ghana Armed Forces Intelligence Unit.
Speaking during the meeting, Brig. General Peter Nicholas Andoh said his unit would work "effectively" with the NPA to ensure that the operations of the fuel smugglers are handled or even completely eliminated.
"We are fully committed to improving the intelligence network to help your operations."
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