News:

Customs Absolves SOPCL – It Makes Regular Lodgments Into Petroleum Fund

Saltpond Offshore Producing Company Limited (SOPCL), the only fully Ghanaian owned oil producing company, has been making regular lodgments into the Ghana Petroleum Holding Fund, according to a Ghana Revenue Authority Customs Division Audit Report.

The report, “Ghana Revenue Authority Customs Division Audit Report Saltpond Offshore Production Co. Ltd. January 2002 - December 2010”, states among other things: “Total liability of 3% of royalties per the contract amounted to US$1,886,973.40.The Company paid all the royalties with the exception of 2002 and some short payments amounting to US$22,226.25.” (The Company was subsequently able to provide evidence to show that it had paid fully all the royalties due.)

Ahlussuna Wal Jama’a Would Remain Neutral In Politics-Shiekh Abban

Sheikh Yacoub Shuaib Abban, General Secretary of Ahlussuna Wal Jama’a yesterday said the sect would remain neutral and not be drawn into the country’s partisan politics.

He called on major stakeholders in politics to reject intemperate language which could lead to violence during Election 2012.