NPA Suspends Five oil companies for failing to declare returns.
Five oil companies that under-declared or failed to declare returns on fuel they loaded at the Tema Tank Farm (TTF) this year have been suspended by the National Petroleum Authority (NPA) until they are able to reconcile their figures and revert to the NPA for final determination of their cases. They are Union Oil Ghana Limited, Misyl Energy Company Limited, Excel Oil Company Limited, Unique Oil Company Limited and Life Petroleum Company Limited. Companies alleged to have indulged in underhand dealings with respect to declarations made to the Ghana Revenue Authority (GRA) are Globex Energy Limited and Agapet Limited.The NPA made the find after reviewing the returns of the companies for January and February this year. In separate letters written to the companies and signed by the Chief Executive of the NPA, Mr Alhassan S.Tampuli, copies of which the Daily Graphic has, the NPA asked the affected companies to submit writtenexplanations to the authority by close of work on April ...