44 Oil Marketing Companies owe BOST GH¢59.525 million in margin levies – A-G report

The 2023 Auditor General's report has revealed that 44 Oil Marketing Companies owed the Bulk Energy Storage and Transportation (BOST) Company a total amount of GH¢59.525 million in margin levies as of December 31, 2022.

The report recommended that BOST's management initiate the necessary legal steps to recover the amount owed while providing the required evidence to the audit team for verification.

Furthermore, the Auditor General's report showed that a review of procurement transactions at BOST revealed that the amount spent on goods and services totaled GH¢886,771 from five different suppliers/service providers.

It also noted that accepted Tax Clearance Certificates (TCC) with the same serial numbers were issued from four different Taxpayer Service Centres, each bearing the same serial number but with different issuing dates.

In light of this, the A-G report recommended that sanctions under Section 92 of the Public Procurement Act, 2003 (Act 663) as amended be applied to the officers whose negligence led to the mentioned infraction.

The report also found that management had paid for goods and services totaling GH¢1,049 million with a VAT component of GH¢146,799.

However, it was identified that these suppliers/service providers had issued Value Added Tax (VAT) invoices for their goods and services from the same VAT invoice booklet.

The Auditor General recommended that BOST's management pursue the respective suppliers/service providers to provide evidence of payment of the GH¢146,799 VAT amount to the Ghana Revenue Authority.

MA/NOQ

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