National Petroleum Authority (NPA) has since August 2017 started the implementation of new export guidelines to clamp down on fuel smuggling in the country, in a bid to sanitize the petroleum downstream industry.
Chief Executive Officer of NPA, Alhassan Tampuli addressed participants at the ongoing Oil Trading and Logistics Downstream Week in Lagos, Nigeria. According him, export companies were now required to provide records of the import permit of foreign company for verification.
He announced, now you are required to send us the importer on record and we will confirm from the Regulators in Niger, Mali, and Burkina Faso whether those companies are licensed.
Mr. Tampuli said companies would have to add a copy of the contract they have with the foreign importer and also attach a list of foreign trucks to be used to apply for a ‘no objection’ letter from NPA.
He said, in addition to those rules, export companies would now have to post a performance bond of 150 per cent of the total value of taxes, levies and margins. Bulk Road Vehicles would be allowed to export three times a week where the Ghana Revenue Authority (GRA) will provide escort till the product leaves the shores of Ghana.
Copyright © 2019 Ghanalive.TV. All Rights Reserved.