The Chief Executive Officer of Petrosol Ghana Ltd, Michael Bozumbil, has commended Dr Mustapha Abdul-Hamid, the Chief Executive of the National Petroleum Authority (NPA), for the bold steps he has taken to sanitise the downstream petroleum industry by enforcing the industry regulations for a level playing field.
He has, therefore, encouraged him to continue on that path and pledged the support of the leadership of Petrosol.
Mr Bozumbil gave the commendation when he recently led some members of the senior leadership team of Petrosol to pay a courtesy call on Dr. Abdul-Hamid at his office in Accra.
The CEO of Petrosol Ghana Ltd said the visit was to commend Dr Abdul-Hamid for the major steps he has taken and the measures he is putting in place to sanitise the industry.
He informed Dr. Abdul-Hamid that Petrosol places a high priority on regulatory compliance and the accurate payment of taxes and levies to the state.
On regulatory compliance, Mr Bozumbil indicated that not only does Petrosol comply with NPA’s regulations but has also gone a step further to subject its operations to international audit.
This, he noted, has led to the company receiving triple-International Organisation for Standardisation (ISO) certifications for quality, occupational health and safety and environment.
On the payment of tax obligations, Mr Bozumbil informed Dr. Abdul-Hamid that Petrosol dutifully pays its taxes, revealing that “the Commissioner-General of the Ghana Revenue Authority recently wrote to Petrosol to congratulate them for their tax compliance”.
On his part, Dr. Abdul-Hamid was full of praise for Petrosol for being a compliant company and urged them to maintain that record.
He expressed his appreciation for the visit and the show of support for the measures he and his team are putting in place to ensure a level playing field.
Dr. Abdul-Hamid reaffirmed his commitment to continue enforcing the rules fairly and hoped operators in the industry would also comply.