Business News of Saturday, 2 June 2018

Source: classfmonline.com

Court fines Duncan Amoah GHC700

Executive Director of Chamber of Petroleum Consumers, Duncan Amoah Executive Director of Chamber of Petroleum Consumers, Duncan Amoah

The Labour Court has slapped the Executive Director of the Chamber of Petroleum Consumers, Ghana (COPEC-Ghana) Duncan Amoah, with an amount of GHS700 for failing to file the relevant documents since the last adjournment on the 18th of May 2017.

The Labour Court has slapped the Executive Director of the Chamber of Petroleum Consumers, Ghana (COPEC-Ghana) Duncan Amoah, with an amount of GHS700 for failing to file the relevant documents since the last adjournment on the 18th of May 2017.

The Chief Executive Officer of the Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng Boateng, sued Mr Amoah, over death threat allegations made against the BOST CEO.

Mr Amoah had said that his life was in danger after he uncovered an alleged shady deal at BOST.

This was after he claimed that Ghana lost in excess of GHC23 million in revenue from a transaction BOST had with an unlicensed company.

The losses, the Chamber insists, were recorded at every stage of the value chain from the sale of some 1.8 million barrels of crude oil, to fees for holding the rest of the crude.

The case has been adjourned to Monday, 25 June 2018.