Pressure group, Occupy Ghana has written to the Chief of Staff, Akosua Frema Osei-Opare, asking her to investigate allegations of smuggling and illegal dealings at the Bulk Oil Storage and Transportation Company Limited (BOST).
An industry report released by the Ghana Chamber of Oil Distributors (CBOD) revealed that Ghana lost about GHC 1.4 billion in taxes and regulatory margins from smuggling and export dumping of petroleum products in 2017.
[contextly_sidebar id=”nyZ9zRg6qpEcrf1zq59GqSaoJhTb1skC”]CBOD in its report blamed the losses on increased smuggling activities along the country’s coasts, under-invoicing, tax evasion and export dumping, ESLA under-reporting, Special Petroleum Tax (SPT) transfer pricing, deliberate inefficiencies and illegalities and unlawful profiteering at BOST.
The report, without mentioning names, accused officials at the Presidency, National Security and the Ghana Revenue Authority of complicity.
According to the report, the government has, over the years, also failed to sanction persons involved in the diversion of premix fuel, among other things.
“Illegal trading of products continues to be a bane of the industry and the national economy. Smuggling through the ports, premix and marine gas oil diversion (MGO oil) and export product dumping account for the majority of the illicit petroleum trade.The disappointing observation has been the absence of strong will by the central government to deal with this trade, despite modest arrests recorded,” the report added.
Occupy Ghana in its petition said: “In the interest of the principles of probity, accountability, and transparency, we write to request that full-scale criminal and highly forensic investigations are conducted into the alleged findings in the CBOD Report.”
OccupyGhana again urged that persons found culpable should be prosecuted no matter their positions in society.
“If any persons are found to have engaged in these acts we will urge the prosecution of all criminally culpable elements within the petroleum value chain to the full extent permissible by law, no matter who these culpable elements may be,” the letter added.
BOST CEO sacked
The Managing Director of the BOST, Alfred Obeng Boateng, was sacked in June 2018by President Nana Akufo-Addo.
High-profile scandals have plagued the former BOST MD’s tenure.
Notable among them is the contaminated fuel saga in June 2017.
Citi News first reported that Ghana was likely to lose about GHc 7 million in revenue following attempts by BOST to sell contaminated fuel to some oil marketing companies.
Five million liters of contaminated fuel was sold to two unlicensed companies; Movenpinaa and Zup Oil, which were allegedly set up days before the sale.
The National Petroleum Authority (NPA) confirmed that the two companies were also not licensed.
Following Citi News reports, there were calls for the Alfred Obeng Boateng to be interdicted.
The Energy Minister, Boakye Agyarko subsequently set up an investigative committee to look into the matter.
He later cleared BOST and its Managing Director of wrongdoing citing a Bureau of National Investigation (BNI) and National Security report.
Battle with COPEC
More recently, the Chamber of Petroleum Consumers (COPEC), accused Alfred Obeng Boateng of financial malfeasance.
Executive Director of COPEC, Duncan Amoah
COPEC, in April, claimed Ghana lost about GHc23 million in revenue when 1.8 million barrels of crude oil was sold at a discount to an unlicensed company.
Alfred Obeng Boateng slammed the accusations, describing them as baseless.
Nonetheless, COPEC petitioned the Special Prosecutor to investigate the allegations.
By: Godwin Akweiteh Allotey/citinewsroom.com/Ghana