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Saturday, November 28, 2020

Association of Oil Marketing Company deny owing government.

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The Association of oil Marketing Companies of Ghana’s attention has been drawn to some purported reportage suggesting over twenty five Billion Ghana cedis, debts it owes the government.

This, according to the AOMC is worried may ruin the integrity of the body since the supposed publications are maleficent or false.

On Wednesday October, 20, 2020 the Daily Searchlight published a reportage suggesting Oil Marketing Companies (OMSs) owes Government 25.5 Billion Ghana cedis.
few hours after the news publication, the AOMC who seems unsatisfied and disappointed with the growing happenings reiterated on said news content by setting the records straight.

In a press statement signed by Chief Executive Officer and Industry Coordinator of AOMC, Mr. Kwaku Agyemang-Duah said the scrutiny by the Audit service department is incomplete and believes the move is an attempt to defame the institution.

“We believe the purported audit by the Audit Service is incomplete, since the audit is one sided without appropriate reconciliation of figures with the Oil Marketing Companies (OMCs) and LPG Marketing Companies. We further believe that this is a deliberate and mischievous attempt to denigrate and consequently run down the Petroleum Downstream Industry, with respect to OMCs and LPGMCs.
The alleged indebtedness involved is way above the entire revenue generated by the OMCs & LPGMCs in their business life since inception.”

“And for the record, a large number of the OMCs do not owe the Ghana Revenue Authority (GRA), to whom we owe allegiance to make good our tax obligations….
OMCs & LPGMCs who are indebted to the GRA have either been stopped from lifting petroleum products or have some form of rescheduled payment arrangements with it. The process of reconciliation is in progress and thus defying logic, why someone would like to take undue credit for a job partially and ineffectively done.” It reads.

They further noted that “We the OMCs & LPGMCs would not like to be part of a turf war between public institutions for the same task. In our business life, we have never been negligent in the fulfilment of our tax obligations as we seek to be good corporate citizens. This is why we contribute over five hundred million Ghana Cedis in taxes every month to the state.

However, Association of Oil Marketing Companies of Ghana has admonished strongly to all and sundry to do thorough checks in any related development about the institution before putting out any reports.

“We would like to sound a note of caution to all manner of people and or institutions who will not diligently fact check and ignominiously disregard protocols and procedures to destroy or incarcerate the image of OMCs & LPGMCs.” it warned.

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