Tag: Kwaku Agyeman Duah
-
OMCs to reduce fuel prices from Monday, March 16
The Association of Oil Marketing Companies (AOMCs), has indicated that its members will reduce their fuel prices at the pumps from Monday [March 16, 2020], to reflect market conditions. The CEO of the Association, Kwaku Agyeman Duah, however failed to mention the percentage of reduction consumers should expect. Following a drop in global crude oil…
-
OMCs welcome NPA’s Product Marking Scheme to check fuel diversion and adulteration
The Association of Oil Marketing Companies (AOMC), has welcomed the introduction of a new monitoring system for the petroleum sector known as the Petroleum Product Marking Scheme. The system, which also checks adulteration of fuel will help the National Petroleum Authority to check the quality level of fuel in the country. Speaking to Citi Business…
-
Oil Marketing Companies pay about GH¢6 billion as taxes to government annually
The Association of Oil Marketing Companies (AOMCs) pay about GH¢ 6 billion annually to government as tax, Mr Kwaku Agyeman-Dua, Industry Coordinator of the Association has announced. He said in 2019, they paid GH¢500 million as monthly tax to government, raking in a total of GH¢3 billion in the first two quarters of the year.…
-
OMCs want tax payment date extended
Oil Marketing Companies (OMCs) are appealing for an extension of the payment date of some taxes. The OMCs contend that the current twenty-one day period for payment of taxes such as the Special Petroleum Tax, is adversely impacting their operations. According to the CEO of the Association of Oil Marketing Companies (AOMCs), Mr. Kwaku Agyeman…