CEO of the Association of Oil Marketing Companies (OMCs), Kwaku Agyeman-Duah has already warned of some 4000 job losses in the next few months due to the development.
More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products continue unabated.
The OMCs contends that profits for its members continue to drop as they also face difficulty in repaying debts to banks and meeting the necessary tax obligations.
Konlan Nanleeb, the Managing Director of Hossana Oil has been affected by the unflattering impact of the illegal sale of petroleum products explains to media the plans to lay off more workers as his operations have become unprofitable.
He asserted that we do not want to do these things but at the end of the month, your margins cannot pay the workers so you have no option than to tell some of them to sit down and we are about to lay off more because we do not sell due to the illegal products..
A person who owns at least 7 fuel stations in the regions of the North also lamented how the low sales of about 300 cedis is making it difficult to stay relevant in business.
He observed, most of the stations don’t sell; a day a while filling station could close with sales between 300 and 1000 cedis. But you would be required to pay the SSNIT, salaries and utility bills at the end of the month.
Mr. Agyeman-Duah warned at a media briefing on the issue on Tuesday that the group will resort to other legal means should they not get a favourable response from government after the two-day ultimatum in getting the issue resolved. NPA has already shown interest in restricting the illegal business
The post Omcs Threaten Dismissal over illegal trade appeared first on Ghana Live TV.
This post first appeared on Watch Gtv Ghana, Adom TV, Tune Ghana Radio GhanaLi, please read the originial post: here