15 smuggled truckloads of petroleum products seized – Prime News Ghana

The state has confiscated 15 truckloads of smuggled petroleum products worth GH¢3.4 million.

The total volume of the seized products is 810,000 litres.

Additionally, the 15 trucks will be auctioned to the public after the products have been sold to Oil Marketing Companies (OMCs).

According to the acting Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Hassan Tampuli, three truckloads of the products had so far been sold to GOIL.

He said the remaining products would be dispatched to GOIL stations to complete the process.

In an interview with the Daily Graphic in Accra on Tuesday, Mr Tampuli said the Customs Division of the Ghana Revenue Authority (GRA) was in charge of the disposal of the products and the trucks.

Explaining further, Mr Tampuli said the Customs Division, in collaboration with the NPA, had sent confiscation notices to the owners of the trucks and products.

He said the management of the affected companies would also be invited before the NPA Board to explain why their company licences should not be revoked.

He added that the Customs Division would take the tax component from the sale of the trucks and products, while the NPA would benefit from the margins.

The NPA CEO said the public would be notified of the intended auction of the seized trucks.

The country risks losing a whopping GH¢1.5 billion in taxes and levies in 2017 due to the incidents of smuggling of fuel products.

Ghana lost an estimated GH¢800 million in 2016 as a result of the problem, which peaked last year.

But for smuggling, Ghana would have gained more than GH¢5 billion in revenue in 2017.

Credit: Daily Graphic

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