Tag: Senyo Hosi
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Govt gradually destroying financial market – Senyo Hosi
The Convener of the Individual Bondholders Forum, Senyo Hosi, has slammed the Finance Ministry, the Ghana Stock Exchange (GSE) and the Securities and Exchange Commission (SEC) over their woeful handling of the financial market. Speaking on the Citi Prime News on Tuesday, March 14, Mr Hosi said the failure of the Finance Ministry to honour…
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Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt
The Convener of the Individual Bondholders Forum, Senyo Hosi, has stated that the agreement between the Ministry of Finance and the Ghana Association of Banks on the Domestic Debt Exchange Programme (DDEP) affirms their position for individuals to be completely exempted. In a statement, Mr Hosi hailed the agreement between the Ministry of Finance and…
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BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD
The Ghana Chamber of Bulk Oil Distributors (CBOD), has called on other players in the foreign exchange supply market to step up their efforts to ensure the demand for US Dollars by Bulk Distributing Companies (BDCs) is met. This, according to the CEO of the Chamber, Senyo Hosi, is important as the quantum of US…
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CBOD calls for a more structured supply of Forex for petroleum products
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has blamed the inadequate supply of foreign exchange for the procurement of petroleum products at the doorsteps of commercial banks in the country. The remark comes on the back of a report from Bloomberg which claimed that Ghana faces a…
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Fuel monitoring system laudable but not enough to end smuggling – Senyo Hosi
The Chamber of Bulk Oil Distributors, CBOD, has commended the government for launching the National Retail Outlet Fuel Monitoring System. The system is aimed at helping government reduce revenue losses within the petroleum downstream sector. CBOD had in a recent report stated that GH₵1.9 billion was lost through petroleum tax evasion in 2019. Speaking to…
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COPEC demands official withdrawal of new ‘levy’ slapped on LPG by NPA
The Chamber of Petroleum Consumers, COPEC, is demanding an official publication from the National Petroleum Authority, NPA, notifying Ghanaians of a withdrawal of some levies it placed on Liquefied Petroleum Gas, LPG. According to COPEC, the NPA on Tuesday directed Oil Marketing Companies to start charging 13.5 pesewas on every kilogram of LPG from the…
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Chamber of Bulk Oil Distributors work to increase fuel supply to Mali, other landlocked countries
The Chamber of Bulk Oil Distributors, CBOD, says it is ready to take the necessary steps to significantly increase Ghana’s share of the supply market for petroleum products, to landlocked countries in the West African sub-region to 50 % in the short-term. Currently, landlocked countries such as Mali and Burkina Faso are getting a majority…
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CBOD committed to tackling corrupt practices in petroleum industry – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Senyo Hosi, says his outfit is undertaking a self-assessment exercise to help reduce diversion of fuel in the petroleum industry. According to him, it is important for all stakeholders in the sector to help government expose corrupt acts in the downstream sector that is…
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Gov’t launches Petroleum Product Marking Scheme to check stealing of subsidized fuel
Government has expressed optimism that the diversion and stealing of subsidized fuel will be greatly reduced with the introduction of a new monitoring system known as the Petroleum Product Marking Scheme. The system uses a special marker to trace quantities of petroleum products at all operational depots in the country prior to distribution to the…
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Gov’t clears $1bn legacy debt owed Bulk Oil Distributors
Government has completed payments of all legacy debts due the Chamber of Bulk Oil Distributors, CBOD, according to the Chamber’s CEO, Senyo Hosi. A statement from the Chamber to Citi Business News said the government made payment to the tune of one billion dollars as at January 13, 2020. According to the bulk oil distributors,…