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Business News of Saturday, 18 August 2018


NPA clears Globex Energy over tax evasion

The National Petroleum Authority(NPA) in a press release has suspended Globex Energy Limited together with other oil companies over tax evasion.

A spokes person for the company, by a letter dated 3 August, 2018, said the NPA cleared the company to resume business in the petroleum downstream activities.

Ghana Chamber of Bulk Distributors (GCBOD), came to the defence of Globex Energy Limited that the suspension of that company was not for tax evasion but rather for under declaration of volumes of sales.

Globex Energy Limited wishes to assure its stakeholders that it will continue to abide by the rules and regulations of the energy sector and foster better working relations with all players in the energy sector.