has warned of some 4000 job losses<\/a><\/strong><\/span> in the next few months due to the development.<\/p>\n[contextly_sidebar id=”d0Q6WoS9yRT2q0kGramQX89BEGtaYWJT”]The Association contends that, profits for its members continue to drop as they also face difficulty in repaying debts to banks and meeting the necessary tax obligations.<\/p>\n
The Managing Director of Hossana Oil, Konlan Nanleeb, who has been affected by the damning impact of the illegal sale of petroleum products, explained to Citi Business News<\/strong>\u00a0plans to lay off more workers as his operations have become unprofitable.<\/p>\n\u201cWe do not want to do these things, but at the end of the month, your margins cannot pay the workers so you have no option than to tell some of them to sit down and we are about to lay off more because we do not sell due to the illegal products,\u201d he asserted.<\/p>\n
Mr. Konlan Nanleeb, \u00a0who owns at least seven fuel stations in Northern Ghana, also lamented how the low sales is making it difficult for him to stay relevant in the business.<\/p>\n
\u201cMost of the stations don\u2019t sell; a day, a while fuel station could close with sales between 300 and 1000 cedis. But you would be required to pay the SSNIT, salaries and utility bills at the end of the month,\u201d he observed.<\/p>\n
At a media briefing on the issue on Tuesday, Mr. Agyeman-Duah warned that, the group will resort to other legal means should they not get a favourable response from government after the two-day ultimatum for them to get the issue resolved.<\/p>\n
Already, the NPA has shown interest in curbing the illicit business.<\/p>\n
But Konlan Nanleeb believes curtailing the situation should translate in economic growth as the petroleum sector will be more competitive.<\/p>\n
\u201cWe are appealing to government to have a second look into this\u2026we should grow the petroleum sector than allowing this illegal practice to go on.\u201d<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products continue unabated. Already, the CEO of the Association of Oil Marketing Companies, Kwaku Agyeman-Duah,\u00a0has warned of some 4000 job losses in the next few months due to the development. [contextly_sidebar id=”d0Q6WoS9yRT2q0kGramQX89BEGtaYWJT”]The Association contends that, profits […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,5,171,170,11],"tags":[3,6758,6759,6760],"yoast_head":"\n
More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products continue unabated. Already, the CEO of the Association of Oil Marketing Companies, Kwaku Agyeman-Duah,\u00a0has warned of some 4000 job losses in the next few months due to the development. [contextly_sidebar id=”d0Q6WoS9yRT2q0kGramQX89BEGtaYWJT”]The Association contends that, profits […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-03T06:05:16+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/\",\"name\":\"More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-05-03T06:05:16+00:00\",\"dateModified\":\"2017-05-03T06:05:16+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More OMCs threaten layoffs over illegal trade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/","og_locale":"en_US","og_type":"article","og_title":"More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always","og_description":"More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products continue unabated. Already, the CEO of the Association of Oil Marketing Companies, Kwaku Agyeman-Duah,\u00a0has warned of some 4000 job losses in the next few months due to the development. [contextly_sidebar id=”d0Q6WoS9yRT2q0kGramQX89BEGtaYWJT”]The Association contends that, profits […]","og_url":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-05-03T06:05:16+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/","url":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/","name":"More OMCs threaten layoffs over illegal trade - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-05-03T06:05:16+00:00","dateModified":"2017-05-03T06:05:16+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/05\/more-omcs-threaten-layoffs-over-illegal-trade\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"More OMCs threaten layoffs over illegal trade"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/316065"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=316065"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/316065\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=316065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=316065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=316065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}