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Oil drops by 3% to reflect reductions on market

By: Mabel Adorkor Annang Crude oil prices keep plummeting. The commodity is being traded at about 87 dollars a barrel on the international market on Monday. If this development continues coupled with the Bank of Ghana’s ability to provide enough forex at a good rate for the BDCs, fuel prices in Ghana are likely to […]

17 Oil Companies fail to pay taxes – Auditor General’s report

Prices of petrol and diesel to increase, LPG to drop

SOURCE: GRAPHICONLINE Seventeen Oil Marketing Companies (OMCs) did not pay duties and taxes totalling GH¢249,800,802.28 on 219,995,530 litres of fuel products lifted for the period January 2020 to December 2021. The Auditor General’s report on the audit of ministries, departments and agencies noted the discrepancy from the Integrated Customs Management System (ICUMS). Twenty-eight Oil OMCs […]