No Result
View All Result
Saturday, January 28, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

CBOD demands swift commitment in providing quality diesel

bycitibusinessnews
November 1, 2016
in Government, Oil And Gas, Top Stories
Senyo Hosi-CEO Chamber of Bulk Oil Distributors

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

Share on FacebookShare on TwitterShare on Whatsapp

The Chamber of Bulk Oil Distributors (CBOD), wants government to expedite processes of providing funding for the Tema Oil Refinery (TOR) to meet the new sulphur specification content for imported diesel.

It comes on the back of an ambitious plan by the ECOWAS member states to review the sulphur specification content for all refineries in the sub region to a maximum of 50 parts per million, by 2020.

Ghana’s National Petroleum Authority (NPA) has since reviewed downwards the country’s maximum sulphur specification content to between 500 ppm to 10 ppm.

ADVERTISEMENT

“Ghanaians have sacrificed a lot for TOR, the company has been of service to the nation…That mortgaging health for political expediency must end…if 120 million dollars is needed as stated by the TOR CEO, that must be provided as quickly as practicable so as to facilitate the operations of the TOR,” CEO of the CBOD, Senyo Hosi stated.

The CEO of TOR, Kwame Awuah Darko earlier told Citi Business News it will cost the country about 120 million dollars to reconfigure its systems to meet the national revised sulphur content.

His comments followed concerns of the actual cost that the country will require in reconfiguring systems to meet the new sulphur specification content for imported diesel.

The need for a review in the sulphur content for diesel became indispensable after a recent publication by a Swiss NGO, Public Eye in collaboration with the African Centre for Energy Policy (ACEP), revealed that the lives of citizens of eight African countries including Ghana were at risk over harmful emissions from use of diesel with high sulphur contents.

The figure was reported to have been about 300 times more than that permitted in Europe whose standard specification for sulphur in diesel is 10ppm.

The concerns subsequently compelled the NPA to announce a revision of the sulphur specification content for Ghana from the current 3000 ppm to 500 ppm for TOR and 10 ppm for importers.

It is worth to note that the Bulk oil distributors account for about 85 percent of the petroleum needs while TOR accounts for about 15 percent of the country’s petroleum needs.

Senyo Hosi further implored on government to be more committed and not trade the health of citizens for its interest.

“If we don’t want to then it should be clear that we do not want a refinery as a country but if we want to then funding and investment must be readily available. But if that is not that as an investment worth considering the opportunity cost to other social or economic infrastructure, then that distinction must be made,” he stressed.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

Related Posts

Local Economy

Govt strikes deal with Insurance Association on debt exchange programme

bycitibusinessnews

The government and the Ghana Insurers Association (GIA) have made headway on the terms of the Domestic Debt Exchange Programme...

Read more

We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

Tax on agro inputs a threat to agribusiness and food security – Analysts

Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

Government and Association of Banks reach agreement on DDEP

DDE: Banks secure 5% coupon for 2023; other revisions

Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

Next Post

Zimbabwe's Mugabe paves way for bond notes

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.