Monday, 23 February

OPDAG praises government's crackdown on illegal vegetable oil imports

Business
Mr Paul Amaning addressing the press

The Oil Palm Development Association of Ghana (OPDAG) has commended the government and Ghana Revenue Authority (GRA) for confiscating illegal vegetable oil consignments, demonstrating their commitment to protecting public revenue and local industries.

This move, according to OPDAP, highlights the government's resolve to curb revenue losses and market distortions caused by illicit activities. 

The President of the Association Mr Paul Amaning, speaking at a press conference in Accra, noted that illegal imports threaten Ghana's edible oil value chain, that support over 500,000 Ghanaians

He added that these inactions undermine fair competition.

OPDAG President Paul Amaning urges sustained action, including intensified border surveillance, prosecution of offenders, and exclusive routing of vegetable oil imports through seaports.

To address persistent challenges, OPDAG President Paul Amaning recommends aligning customs reference pricing with international market prices, strengthening transit controls, and introducing a national traceability and tax stamp system.

Source: Classfmonline.com/Edem Afanou