TGR - News, Politic, Business, Sport, Entertainment
Home
News
Business
Entertainment
Sports
Election Data Center
The Ghana Report Jobs Fair
-Advertisement-
Business
Oil Markets Are Fully Focused on Geopolitical Risk
oilprice.com
39 mins ago
49
0
0
Business
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022
oilprice.com
2 hours ago
50
0
0
Business
The National Petroleum Authority (NPA) has revoked the licenses of several Oil Marketing Companies (OMCs) in Ghana over the past two years due to their failure to meet regulatory requirements, according to Abass Ibrahim Tasunti, Director of Regulation and Planning at the NPA. Speaking on Joy News’ PM Express Business Edition on Thursday, October 4, he highlighted that the NPA is continuously working to strengthen these requirements to ensure compliance and maintain the integrity of the industry. “Every company has to meet certain requirements to obtain a license, and these are publicly available on our website. If you meet the requirements, you get the license, just like in any other business,” Abass Tasunti explained. He acknowledged concerns about the rising number of OMCs but noted that the regulatory framework is designed to address these concerns. “Over the past two years, we’ve revoked a number of licenses because some companies were not meeting the necessary standards,” he added. Abass Tasunti stated that the NPA has been updating the regulatory requirements over time to align with global standards and ensure that only qualified companies operate in the industry. “We are always looking at how we can raise the bar to ensure only companies that meet the strict standards are allowed to operate,” he said. While new companies continue to meet the necessary standards and enter the market, Abass Tasunti underscored that the industry itself plays a critical role in identifying and addressing non-compliant companies. He expressed optimism that industry stakeholders, through collaboration with NPA, will continue to strengthen regulatory oversight.
myjoyonline.com
8 hours ago
80
0
0
Browsing Category
Business
African Development Bank ranks first on Global Aid Transparency Index
2 years ago
Thursday: Advertised jobs in newspapers today
2 years ago
China’s Oil Imports Fell In June
2 years ago
Germany To Halt Russian Coal Imports Next Month
2 years ago
Hydrogen highlighted as ‘slam dunk’ of heavy haul
2 years ago
IMF team concludes visit to Ghana
2 years ago
SARI scientists to release first-ever GM beans for commercial production
2 years ago
Technology crucial to SMEs survival
2 years ago
MoF responsible for free SHS food shortage – CSOs
2 years ago
Transport, food prices push inflation to 29.8 %
2 years ago
Previous
1
…
1,032
1,033
1,034
1,035
1,036
…
1,519
Next
Home
News
Business
Entertainment
Sports
Election Data Center
The Ghana Report Jobs Fair