Today in History: Oil, LPG marketers engage Ghana Revenue Authority

AOMCs New.png Association of oil marketing companies

Wed, 19 Jan 2022 Source: www.ghanaweb.com

In 2019, the Ghana Revenue Authority met with the Association of oil marketing companies to discuss ways to properly address their concerns.

The engagement was under the theme, “Achieving GRA’s Revenue Target through Efficient Collaboration & OMCs/LPGMCs Compliance."

The Ghana Revenue sought to listen to the concerns of the OMCs on issues regarding their day-to-day activities and processes involved in filing their taxes.

They, however, agreed to collectively ensure that the revenue target is met through the quick response by the companies in fulfilling their tax obligations.

Meanwhile, the GRA disclosed yesterday, January 18, 2022, that about 40 OMCS are being prosecuted in court over failure to pay taxes amounting to about GH¢220m.

Read the full story originally published on 19 January 2019 by Michael Creg Afful

The Association of Oil Marketing Companies (AOMCs) has held a Stakeholder Engagement with the Ghana Revenue Authority (GRA), Customs Division under the theme, “Achieving GRA’s Revenue Target through Efficient Collaboration & OMCs/LPGMCs Compliance."

The objective of the engagement was to create an enabling platform for the Oil and LPG Marketing Companies (OMCs/LPGMCs) to dialogue with GRA and find solutions to the many issues they encounter in their day-to-day operations with the Authority.

In his speech, Mr. Seth Dwira, the Deputy Commissioner in charge of Operations, GRA who deputized for Mr. Isaac Crentsil, Commissioner, Customs Division empathized with the challenges of OMCs/LPGMCs encounter in the collection of taxes and funds on behalf of the Ghana Revenue Authority (GRA) including the unduly long credit period; sometimes more than 30 days, offered to their clientele; whereas they have 21 plus 4 days moratorium to account for same to customs”.

He called on all OMCs/LPGMCs to work in collaboration with the Authority in order to achieve its goal in revenue collection.

He therefore pledged to ensure a more efficient collaboration in the discharge of their statutory duties in its quest to achieve the daunting revenue targets.

The GRA also praised the Board of Governors of the AOMCs for organizing and overseeing a successful discussion and suggested that periodic meetings of such should be encouraged for all parties involved to constantly remind ourselves of the need to be responsible citizens in respect of the collection and accounting for this national asset judiciously.

Source: www.ghanaweb.com
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