Tag: COPEC- Ghana
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BOST clarifies amount paid for iPhones bought for company executives
The Bulk Oil Storage and Transportation Limited (BOST) has debunked earlier media reports which suggested that the company paid a little over GHS 28 million for the purchase of iPhones for its corporate executive members. In a statement issued on September 30, the Oil Company maintained, it has made some purchase of the said iPhones…
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Consumers unsatisfied with 2.5% reduction on petrol taxes
The Chamber of Petroleum Consumers (COPEC) has expressed dissatisfaction over the rate of reduction of the special petroleum levy. According to the chamber, the reduction is minimal and could have seen a 10 percent reduction instead. Finance Minister Ken Ofori Atta on Thursday announced a reduction in the special petroleum levy from 17.5 percent to…
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We’re not influencing market negatively – GOIL
Ghanaian owned oil Marketing Company, GOIL, has rejected assertions that its decision to maintain prices of petroleum products for the second pricing window in January is a deliberate attempt to distort pricing in the petroleum downstream sector. According to some industry observers, the move defeats the primary purpose of the downstream petroleum price deregulation regime.…