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Saturday 16 December 2017

2017-11-20

[N] Akyem Asuom: Ursula Named Nkosuohemaa
[N] Funding for Free SHS not a problem -Assibey Yeboah

2017-11-14

[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing

2017-11-10

[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed

2017-11-09

[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
[N] Visitors pay GHc2 to see prisoners
[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail  
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ¢12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims

2017-11-08

[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again

2017-11-07

[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  

2017-11-06

[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
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Business

[ 2017-05-17 ]

Ghana Chamber of Bulk Oil Distributors Chief Executive Officer

BDCs, OMCs battle BOST over dumping of products accusation
Bulk Distributing Companies (BDCs) and Oil
Marketing Companies (OMCs) and the Bulk Oil
Storage and Distribution Company Limited (BOST)
are in disagreement over is responsible for
dumping of products that is depriving the country
over of over one billion Cedis.

The Managing Director of BOST, Mr Alfred Obeng
Boateng, blamed BDCs and OMCs for the practice of
dumping, saying that those products commonly ended
up in local filling stations, with which BDCs and
OMCs dealt with.

However, Senyo Hosi, the Chief Executive Officer
of the Ghana Chamber of Bulk Oil Distributors, and
Mr Tizard Ansah, the Risk Management Officer of
the Association of Oil Marketing Companies,
rejected the allegations and said they were rather
fighting the menace.

The exchanges took place yesterday at the National
Policy Summit.

They were speaking on the topic:’Innovations and
Opportunities in Government’s New Energy Sector
Management Programme’.

Mr Boateng announced that Cabinet has directed
that all petroleum products meant for export from
Ghana onto the Sahelian market be channelled
through the BOST.

According to him, the directive which takes effect
next week, is in a bid to clampdown on the dumping
of such products onto the domestic market.

Per the directive, he said, all petroleum products
meant for export to the Sahelian market should be
given to BOST at its APD in Accra, who would then
transport it to its Bolga Depot, where the BDCs
could then pick up the product for delivery to the
final destination.

Mr Boateng said the dumping of petroleum meant for
export onto the domestic market was a major
challenge hence the directive.

He stated that in line with the directive, BOST
intended to expand its depots in Bolga and Buipe
and also begin work on the pipelines to transport
the oil from Accra to those destinations.

The pipelines, he said, would reduce reliance on
road transport for the transportation of the
product, which allowed for the dumping.

Mr Hosi, however, disagreed with the Managing
Director of BOST’s assertion that BDCs and OMCs
were to blame for the dumping.

He maintained that the BDCs were not to blame for
dumping, having been the ones to first raise
concerns of the phenomenon, which led to the
Cabinet decision.

“Filling stations are not BDCs, BDCs don’t run
fuel filling stations; BDCs don’t export, it’s
export licensees who export,” he stated.

Mr Hosi said the BDCs were rather those who
suffered most from such activities, and thus the
recommendations the Chamber made to Cabinet, which
they fully supported.

However, that measure alone, he said, was
inadequate.

Mr Hosi also challenged the figure quoted by the
BOST MD, saying, the figure was inaccurate since
the National Petroleum Authority had estimated the
losses at GH?850 million.

Ansah condemned the blanket allegation by the BOST
MD against the BDCs and OMCs, saying although
there may be bad nuts in the industry, it was
inappropriate to blame the whole industry for the
problem.

He called for better implementation of regulations
in the sector to address the problem.

Ansah also noted that while the directive from
Cabinet was a start in addressing the issue, there
was need for additional measures since dumping
could still take place with the directive by
creating an illegal market in the north or
bringing dumped products back to Accra.

He called for GPS tracking of trucks (BRVs) used
in transporting the products to know where the
products would end up.

Source - thefinderonline.com



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