{"id":335548,"date":"2017-07-11T15:45:30","date_gmt":"2017-07-11T15:45:30","guid":{"rendered":"http:\/\/citifmonline.com\/?p=335548"},"modified":"2017-07-11T15:45:30","modified_gmt":"2017-07-11T15:45:30","slug":"illegal-fuel-trade-more-costly-than-galamsey-duncan-amoah","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/07\/illegal-fuel-trade-more-costly-than-galamsey-duncan-amoah\/","title":{"rendered":"Illegal fuel trade more costly than galamsey – Duncan Amoah"},"content":{"rendered":"

The Executive Director of the Chamber of Petroleum Consumers of\u00a0Ghana (COPEC), Duncan Amoah, has suggested that illegalities in the sale of contaminated fuel<\/a>\u00a0<\/strong><\/span>is more costly than illegal mining hence requires a strong political will and adequate resources to\u00a0tackle it.<\/p>\n

According to him, Ghana lost about GH\u00a2850 million in just one year as a result of the illegal fuel trade.<\/p>\n

Speaking on the Citi Breakfast Show<\/strong>, he suggested that some security agencies will require the backing of the president before any military intervention to address the menace of illegal contaminated fuel trading in the downstream petroleum sector.<\/p>\n

[contextly_sidebar id=”jvgiAJF8gqCDVvDV8n7bp7aVCM0aKa0t”]\u201cThere is a greater problem downstream and those down here are very much aware of the challenges, yet when you talk to some NPA officials<\/strong><\/a><\/span>, some will tell they will tell you they will need the backing of the president with the military to be able to destroy those illegal makeshift facilities where our fuel is mixed and contaminated daily.\u201d<\/p>\n

\u201cIf you compare the fuel mafia currently, it is bigger than the galamsey operators. In one year, Ghana lost $850m to these operators of which Zup Oil is part and other illegal operators dotted across the Kpong area. These facilities exist physically,\u201d he added.<\/p>\n

A massive campaign against illegal mining thought to be one of the country’s biggest threats to lives and the environment, has been launched with the President giving his backing to the Lands Minister to John Peter Amewu to address the menace.<\/p>\n

But Duncan Amoah believes much more resources must be committed by the President to address the illegal fuel trade.<\/p>\n

He added that, \u201cSecurity agencies are unable to deal with them effectively because you will go on and a bigger person from somewhere will call and say you should leave.\u201d<\/p>\n

He told host Bernard Avle that the 5 million litres contaminated fuel saga was a deliberate orchestration of some \u2018insiders\u2019 at the Bulk Oil Storage and Transportation Company (BOST) to get business for private companies they had interests in.<\/p>\n

\u201c\u2026In BOST arriving at 5 million liters contaminated, how it got contaminated, some of us suspect strongly that there were insider hands who were looking to give business to outsiders.\u201d<\/p>\n

Fuel contamination deliberate<\/strong><\/p>\n

President of IMANI Africa, Franklin Cudjoe who said on The<\/strong> Big Issue<\/strong> in June that the fuel was contaminated deliberately.<\/p>\n

\"IMANI
IMANI Africa president, Frankling Cudjoe<\/figcaption><\/figure>\n

Franklin Cudjoe said it was \u201cperpetrated fraud.\u201d<\/p>\n

\u201cSomebody must have been engaged in this whole fuel fraud and somehow it needed to be offloaded and a company has been set up not properly incorporated and we have decided to reduce that value of whatever has been contaminated deliberately, I don\u2019t think it was a mistake. This fuel fraud is an organized crime. It is not just in Ghana\u2026Don\u2019t ever think these things are done by mistake,\u201d he said.<\/p>\n

It emerged last month that the\u00a0Bulk Oil Storage and Transportation<\/strong><\/a>\u00a0<\/span>company (BOST) signed a deal to sell about 5 million litres of contaminated fuel to Movenpiina Energy and Zup Oil at a discounted price that could result in Ghana losing about GHs7 million in revenue.<\/p>\n

Several groups in the oil sector have called for thorough investigations into the matter over suspicion of more underground deals but the Minister of Energy together with the Bureau of National Investigations (BNI) cleared the BOST Managing Director, Alfred Obeng of any wrongdoing.<\/p>\n

–<\/p>\n

By: Jonas Nyabor\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

The Executive Director of the Chamber of Petroleum Consumers of\u00a0Ghana (COPEC), Duncan Amoah, has suggested that illegalities in the sale of contaminated fuel\u00a0is more costly than illegal mining hence requires a strong political will and adequate resources to\u00a0tackle it. According to him, Ghana lost about GH\u00a2850 million in just one year as a result of […]<\/p>\n","protected":false},"author":14,"featured_media":179404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[8666,9136,3,9137],"yoast_head":"\nIllegal fuel trade more costly than galamsey - Duncan Amoah - Citi 97.3 FM - Relevant Radio. 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