CEO of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi
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The CEO of the Chamber of Bulk Oil Distributors (CBOD) has praised Vice President Dr Mahammudu Bawumia and Finance Minister-designate, Ken Ofori Atta for stepping up and playing active roles to plug national revenue loopholes in the petroleum industry.
According to Senyo Hosi, the evasion of tax by some operators in the industry cost the nation about $1.9 billion in lost revenue which could have been used to provide much-needed social services and bolster the national economy.
He noted that even though successive governments have failed to live up to their promises to help address the issue, especially with regards to illegal fuel trading, Dr Bawumia and Mr Ofori-Atta have contributed remarkably to efforts to stem the tide.