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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

    The Nigerian film industry has once again witnessed love take center stage as popular Nollywood actress Eve Esin tied the knot with her Ghanaian partner, Suleman, in a colourful and emotional ceremony held over the weekend in Uyo, the capital city of Akwa Ibom State.

    Nollywood Star Eve Esin Marries Ghanaian Partner Suleman in Glamorous Uyo Ceremony

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    NPA corruption scandal deepens—OSP uncovers new evidence, raises charges

    EPA Engages Scrap Dealers on Ozone Layer Protection Efforts

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    Accra — It may not even be the official start of December yet, but Ghana’s festive season seems to have found its explosive kickoff. ShattaFest 2025, headlined and organized by Dancehall superstar Shatta Wale, transformed Accra’s Independence Square into a sea of energy, music, and celebration last Saturday night.

    ShattaFest 2025: Shatta Wale Sets Independence Square Ablaze With an Unforgettable Night of Music and Unity

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    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

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Home News Business

NPA terminates licenses of 30 Oil Marketing Companies

Mabel Boamah by Mabel Boamah
3 years ago
in Business
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NPA revokes licenses of 30 Oil Marketing Companies
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National Petroleum Authority (NPA) terminates licenses of 30 Oil Marketing Companies (OMCs) for breaking industry rules.

By the end of 2022, it is estimated that some OMCs owe the government over 400 million cedis in unpaid taxes.

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The list of companies released by the NPA included OMCs whose licenses were terminated for breaking the authority’s rules and regulations on the acquisition and maintenance of their licenses.

The NPA issued a warning, stating that it would not be held responsible for any loss or harm incurred by anyone who decides to interact with the impacted OMCs in any way.

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“The General Public is hereby warned that engaging with the affected OMCs is at their own risk”, it added.

Below is the list of the OMCs

NPA goes after OMCs for owing

The NPA in September 2022 went after the directors and shareholders of some 45 Oil Marketing Companies (OMC) over debts running into more than ₵400 million.

These were margins and other levies that have been collected by the OMCs since 2021, but have failed to pay the monies to the NPA.

¢68 million cedis out of the debt was coming from the Primary Distribution Margin Fund
These monies were paid by consumers at the pumps, and were supposed to be repaid to the regulator at the end of every operational month.

Proposed actions by NPA

According to the NPA, these companies have until the end of September 2022 to pay off these debts.

The authority issued a warning that if these debts were not paid, the names of the directors and shareholders of these companies would be published in the national dailies.

Additionally, it stated that it would not hesitate to take the appropriate legal action against the directors of these firms.

CLICK HERE FOR MORE DETAILS

Source: Myjoyonline

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A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

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A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

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Recent News

A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

October 20, 2025
The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

IMF Urges Ghana to Be Strategic in Market Intervention Efforts

October 20, 2025
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