OPCO Offshore is currently in arrears for surface rentals totaling $537,000, according to Mr. Edward Apenteng Gyamerah, Commissioner, Domestic Tax And Revenue Division at the Ghana Revenue Authority.
Gyamera revealed that of the $971,578 due under general existing agreements, only $330,781 has been collected.
The remaining balance of $640,798 is still outstanding, of which its majority is as a result of the OPCO’s suspended license.
“The remaining outstanding amount is being pursued,” Gyamera confirmed, emphasizing that the debt is actively being pursued.
Gyamera further noted, “This is not a bad debt yet; it is a debt we are pursuing for the state,” highlighting the Authority’s commitment to recovering the funds.
The Petroleum sector, he added, does not currently have a bond on outstanding debts, but assurances have been made that this issue will be considered for future policy.
Regarding terminated agreements, Gyamera highlighted that only Sahara Energy has settled its liabilities, while others still owe.
This update comes as part of the public hearing on the management of public funds by the Public Interest and Accountability Committee (PIAC) for the period from January to December 2022.
The hearing saw the participation of several key agencies, including the Bank of Ghana, Ghana Revenue Authority, PIAC, Ghana National Petroleum Corporation, Petroleum Commission, Ghana Gas, and KPMG.
