The National Petroleum Authority (NPA) has vowed to severely punish recalcitrant petroleum services providers.
Chief Executive Officer (CEO) of the NPA, Hassan Tampuli, gave the warning in an address on Thursday in Accra at the official opening of the second edition of the Ghana International Petroleum Conference (GhipCon).
The three-day conference, organized by the Chamber of Bulk Oil Distributors (CBOD) in partnership with the Ministry of Energy, seeks to provide the opportunity for industry players to deliberate on how government’s policies in the downstream petroleum sector could be shaped.
The conference was used to discuss technical issues in the sector and how Tema could be positioned as an offshore redistribution hub to tackle smuggling and export dumping and make Ghana the petroleum hub of the sub-region.
Mr Tampuli said, Ghana was losing about $200 million annually due to tax evasion by recalcitrant operators.
He said the Authority has taken steps to tackle the menace.
In that regard, he stressed that the NPA was collaborating with the Ghana Revenue Authority (GRA) and Ghana Navy to check the activities of illegal operators.
Mr Tampuli stated that the NPA raised GH?16 million recently in tax recovery alone and an additional GH?7 million in uncovered tax.
The CEO warned that NPA shall not hesitate to expose any operator that fails to comply with regulations of the industry, noting that there would be naming and shaming.
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