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COMAC demands GRA to fix tax remittance errors, warns of fuel sector risks

by theoverseeronline.com
January 12, 2026
in Business, Energy
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COMAC demands GRA to fix tax remittance errors, warns of fuel sector risks
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The Chamber of Oil Marketing Companies (COMAC) has called on the Ghana Revenue Authority (GRA) to address alleged discrepancies in tax remittance dates that could disrupt operations in the petroleum downstream sector.

In a statement on Monday, January 12, 2026, COMAC highlighted that these errors expose oil marketers to compliance risks and penalties, creating uncertainty for both businesses and consumers.

The group warned that continued inaction from the GRA could result in fuel supply disruptions, price instability, and reduced confidence from international investors.

“Unresolved compliance issues and operational uncertainties may lead to interruptions in the supply of petroleum products, affecting consumers in transportation, industries, and households nationwide,” COMAC said.

The Chamber also stressed the wider economic impact, noting that inefficiencies in the petroleum sector could affect employment, commerce, and government revenue.

COMAC urged the GRA to correct the tax remittance timelines, reduce bureaucratic delays, and respond to all pending regulatory requests from member companies.

CEO Riverson Oppong emphasized that, while the industry remains committed to compliance and transparency, continued inaction may force COMAC to escalate advocacy efforts to protect stakeholders.

Read below the statement

Statement(1)Download

Tags: COMACFuel Sector RiskGhana NewsGRATax Remittance Error
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