• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

NPA Digital System A Good Initiative- Duncan Amoah

Stephen M.Cby Stephen M.C
April 9, 2021
Reading Time: 4 mins read
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
NPA Digital System A Good Initiative- Duncan Amoah

Executive Secretary of COPEC, Mr Duncan Amoah

The Executive Secretary of the Chamber of Petroleum Consumers-Ghana (COPEC), Duncan Amoah, says the launch of the National Petroleum Authority’s (NPA) Digital Retail Fuel Monitoring System is a step in the right direction and a good initiative.

Speaking in an interview, Mr. Amoah intimated that his outfit is happy that something is being done about fuel smuggling challenges in the sector. digital system

“Well, we have been talking about fuel smuggling and the challenges on the economy especially;when you look at the fact that we need so much of revenue and yet;the revenue find its way into the pockets of some private individuals running into billions of Ghana cedis.

“So, we are happy that something is being done about the fuel smuggling issue and it was great news to hear that another step is being taken to curtail the smuggling. We will be happier if by close of 2021 fiscal year, we see improvement;in government revenue following from this launch that has been done.”

Duncan Amoah

Mr Amoah further said beyond the launching of the Fuel Monitoring System to curtail the smuggling of fuel,;persons involved in the illegal activity should be sought after.

RelatedPosts

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

TOR’s Turnaround Maintenance 98% Complete, Operations Set to Resume 

Oil Prices Rebound from U.S.-China Trade Tensions 

“However, we will be quick to add that beyond launching this programme to curtail the smuggling bit,;there should also be the political will to go after persons involved in the fuel smuggling.”

Duncan Amoah

Also commenting on the new development by the NPA, the CEO of the Association of Oil Marketing Companies in Ghana,;Mr. Kwaku Agyeman Duah, also indicated that, irregularities within the downstream petroleum sector is deeply entrenched that;it will not take the NPA just measures to deal with it.

Mr kwaku agyeman duah
CEO of the Association of Oil Marketing Companies in Ghana, Mr. Kwaku Agyeman Duah
Irregularities, cause of high fuel prices

Mr. Agyeman Duah admitted that downstream petroleum irregularities are the major cause of high major fuel prices at the pump;as some OMCs are able to evade taxes and sell products at relatively cheap prices.

“It is among all of us, the OMCs, the politicians. It is something that we need more hands to be able to achieve. Because you will realize that, somebody will have fuel and sell… some of them too will mingle and smuggle fuel without paying tax on them.

“So, you see in the regular market there are varying prices. Because if you see the prices that fuel is being sold on the market,;you don’t expect some of the pumps to sell it as such.”

Mr Agyeman Duah

The Fuel Monitoring System, will allow fuel in Oil Marketing tanks across the country to be monitored by NPA. This, the Authority says, will curb illicit activities in the petroleum downstream sector, such as;unauthorised third-party deliveries, fake receipts, smuggling, among others.

ADVERTISEMENT

Under the Fuel Monitoring System, any OMC that receives illegal fuel would also be found out.

Launching the programme in Accra, the Vice President, Dr. Bawumia commended the NPA for leveraging the government’s digitization drive to create;an innovative solution to a major problem in the petroleum industry.

Dr. Bawumia stated that there were losses made with regards to petroleum revenue;to the government due to illegal activities in the distribution of petroleum products,;adding that the initiative by the NPA will end the issue of revenue loss and significantly boost government revenue.

Read Also: IMF revises Ghana’s 2021 growth upwards by 0.4%

Tags: COPECExtractive/EnergyGhana NewsNPAOMCsPetroleum Revenue
Please login to join discussion
Previous Post

Gabon: Real household spending to accelerate in 2021- Fitch Solutions

Next Post

Chad: President Deby seeks sixth term amid opposition boycott

Subscription Form

Related Posts

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”
Extractives/Energy

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

October 13, 2025
Tema Oil Refinery (TOR)
Extractives/Energy

TOR’s Turnaround Maintenance 98% Complete, Operations Set to Resume 

October 13, 2025
Oil Prices Rebound Amid Demand Surge, Geopolitical Tensions
Extractives/Energy

Oil Prices Rebound from U.S.-China Trade Tensions 

October 13, 2025
Mr. Benjamin Nsiah, the Executive Director of the Centre for Environmental Management and Sustainable Energy
Extractives/Energy

Government Urged to Restore PIAC’s Full Budgetary Allocation 

October 13, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Mining Consultant Challenges GoldBod CEO’s Claims on Gold Purchases 

October 12, 2025
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Extractives/Energy

GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners

October 11, 2025
Minister of Health, Kwabena Mintah Akandoh
General News

Govt Clears Over 17,000 Health Professionals for Payment

by Evans Junior OwuOctober 13, 2025
NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey
General News

NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey

by Emmanuel Tibila BoasahOctober 13, 2025
Trump Deems Zelenskyy’s Presence At Ceasefire Talks Unimportant
USA

Bessent Points to US-China De-Escalation After Tariff Threats

by Comfort AmpomaaOctober 13, 2025
Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”
Extractives/Energy

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

by Bless Banir YarayeOctober 13, 2025
National Security Warns Chiefs, Politicians Against Interfering in NAIMOS’ Operations
General News

National Security Warns Chiefs, Politicians Against Interfering in NAIMOS’ Operations

by Silas Kafui AssemOctober 13, 2025
KiDi Declares Himself as ‘A Faithful Black Man’
Entertainment

KiDi Declares Polygamy Not His Love Style

by Esther Korantemaa OffeiOctober 13, 2025
Minister of Health, Kwabena Mintah Akandoh
NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey
Trump Deems Zelenskyy’s Presence At Ceasefire Talks Unimportant
Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”
National Security Warns Chiefs, Politicians Against Interfering in NAIMOS’ Operations
KiDi Declares Himself as ‘A Faithful Black Man’

Recent News

Minister of Health, Kwabena Mintah Akandoh

Govt Clears Over 17,000 Health Professionals for Payment

October 13, 2025
NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey

NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey

October 13, 2025
Trump Deems Zelenskyy’s Presence At Ceasefire Talks Unimportant

Bessent Points to US-China De-Escalation After Tariff Threats

October 13, 2025
Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

October 13, 2025
National Security Warns Chiefs, Politicians Against Interfering in NAIMOS’ Operations

National Security Warns Chiefs, Politicians Against Interfering in NAIMOS’ Operations

October 13, 2025
KiDi Declares Himself as ‘A Faithful Black Man’

KiDi Declares Polygamy Not His Love Style

October 13, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.