Auditor-General
(A-G) Daniel Yaw Domelevo has cited 10 Oil Marketing Companies (OMCs) for
defaulting in payments in relation to petroleum liftings from the Tema Oil
Revenue (TOR) to the tune of GHS34,458,222.
“Our review of petroleum products lifted at TOR between November 2016 and
November 2017 showed that OMCs defaulted in the payment of excise duties, taxes
and levies amounting to GHS33,675,044,” the annual report on Public Accounts of
Ghana (PAG) as of 31 December 2018 on Ministries, Departments and Agencies
(MDAs), said.
The OMCs are: Agapet, Nasona, Radiance Petroleum Ltd., Tel Ernergy Ltd., So
Energy, Star Oil, Goil, Hills Oil, Champion Oil, and Glee Oil.
The report said similarly, it noted that 11 OMCs delayed in paying duties on
products lifted for periods ranging between one and nine months which also
attracted a penalty/interest totalling GHS783,178.
The table below provides the details:
According to the report, Section 32 of the Excise
Duty Act 2014, (Act 878) states that, a manufacturer who fails to make a
payment required under this act to the Commissioner-General by the due date is
liable to pay a penalty of 15% of the amount due and an interest of 5% of the
amount due for each day that the failure continues.
The A-G attributed the anomalies to the failure
to perform reconciliation on the actual petroleum liftings with the
declarations and actual payments as well as weak oversight on OMCs with respect
to penalties and interest payments.
“We advised the Sector
Commander to strengthen its control on OMCs to ensure that regular
reconciliations are performed and penalties and interest payments are also paid
on time. We recommended to the Sector Commander to recover the amount of
GH¢33,675,044 from the OMCs involved,” the report added.
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