special audit report of the auditor general on thecover.pdfemmanuel ofori-mensah, derick omane...

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REPUBLIC OF GHANA

on the

COVERING THE PERIOD

SPECIAL AUDIT REPORT of the

AUDITOR GENERAL

AUDIT OF THE REVENUE OF THE ROAD FUND

JANUARY 2008 TO JUNE 2010

This report has been prepared under Section 11

of the Audit Service Act 2000 for presentation

to Parliament in accordance with

Section 20 of the Act.

Richard Quartey

Auditor General

Ghana Audit Service

January 2012

This study team comprised:

Emmanuel Ofori-Mensah, Derick Omane Nkansah,

Francis Amoako, Mavis Anobaah, Richard Lamptey and

Bernard Borsah.

This report can be found on the Ghana Audit Service

website at www.ghaudit.org

For further information about the

Ghana Audit Service on this report, please contact:

The Director, Communication Unit

Ghana Audit Service

Headquarters

Post Office Box MB 96, Accra.

Tel: 0302 664928/29/20

Fax: 0302 662493/675496

E-mail: [email protected]

Location: Ministries Block ‘O'

© Ghana Audit Service 2012

http://www.ghaudit.org/

SPECIAL AUDIT OF THE REVENUE OF THE ROAD FUND FOR THE PERIOD JANUARY 2008 TO JUNE 2010

Table of content

Page

Transmittal letter………………………………………………………………. i - ii

Executive summary…………………………………………………………….. iii - iv

Chapter One

Introduction

1.1 Reasons for the audit…………………………………………………... 1

1.2 Purpose and scope of the audit………………………………………… 2

1.4 Methodology…………………………………………………………… 3

1.5 Key personnel………………………………………………………..… 3

Chapter Two

Details of Findings and Recommendations

2.1.0 The Fund’s contribution to the road maintenance basket………………… 4

2.2.0 Driver Vehicle License and Road Use Fee………………………………. 5

2.2.1 TTB delayed in transferring Vehicle Registration and Road Use

Fees ………………………………………………………………………. 6

2.2.2 Vehicle Registration and Road Use Fee not transferred into Road Fund Account…8

2.3.0 Road and Bridge Toll…………………………………………………… 10

2.3.1 Delayed payment of Road Tolls by booth operators …………………… 10

2.3.2 Toll tickets were not accounted for by operators ………………..…….... 11

2.3.3 Toll Supervisors did not lodge their entire collections account…………. 12

2.3.4 Private Toll Booth Operators owe Road Fund…………………………... 14

2.3.5 Operational challenges affecting operation of booth operators………….. 14

2.4.0 Petrol and Diesel Levy…………………………………………………… 16

2.4.1 Delay in transferring Petrol and Diesel Levy into the CEPS Petroleum Collection

Account………………………………………………………………….. 17

SPECIAL AUDIT OF THE REVENUE OF THE ROAD FUND FOR THE PERIOD JANUARY 2008 TO JUNE 2010

2.4.2 Petrol and Diesel Levy not transferred into the CEPS Petroleum Collection

Account…………………………………………………………………….. 18

2.4.3 Some OMC’s did not pay taxes and levies through GCNet System………. 19

2.4.4 Liftings of petrol and diesel not paid for………………………………….. 22

2.4.4.1 Liftings by Government Agencies not paid for……………………………. 23

2.4.4.2 Liftings by Deliman and Frimps not paid for…………………………….. 24

2.4.5 Abuse of debt rescheduling facility………………………………………. 25

2.4.5.1 OMCs under paid amounts due ………………………………………….. 26

2.4.5.2 Rescheduling Facility approved in anticipation of liftings……………….. 26

2.4.5.3 Installment payments were not routed through the GCNet………………. 27

Appendices

1 Delayed transfer of Vehicle Registration and Road Use Fees from TTB to road fund

account

2 Delayed payment by Toll Operators

3 Toll Tickets not accounted for

4 Underpayment of toll collection

5 Indebtedness of operators

6 Delayed transfer of Fuel levy

7 Untransferred payments into CEPS

8 Direct payments into Collections Account

9 Lifting of Petrol and Diesel by Government Agencies unpaid for

10 Underpayment of Rescheduled Debt

11 Road Fund Component of Rescheduling.

SPECIAL AUDIT OF THE REVENUE OF THE ROAD FUND FOR THE PERIOD JANUARY 2008

TO JUNE 2010

iii

MANAGEMENT LETTER ON THE REVENUE AUDIT OF THE ROAD FUND

EXECUTIVE SUMMARY

Background

1. The revenue audit of the Road Fund was undertaken to determine how effectively the

Road Fund is coordinating the activities of the various collection agencies and, also how the

fund is contributing to the road maintenance bill.

Findings

2. Overall, the Road Fund has through the agencies responsible for collecting the

revenues for the Fund, collected the revenues due it and maintained proper records thereof

during the period reviewed. The Government however did not have real time access to the

collections as a result of delays in paying collections into the Consolidated Fund. The delays

were due to challenges in the areas of cooperation and coordination by Road Fund

management and other agencies in terms of information sharing and provision of feedback for

effective decision making to enhance the Fund’s revenue collections. These challenges and

weaknesses in revenue collection, which we consider to be significant under the respective

revenue streams, are summarised below. Appropriate recommendations have been made

elsewhere in the report to remedy the observations made.

Delayed payments - GH¢40,374,300.96

3. Vehicle Registration and Road Use Fees for Kumasi, Weija, Accra Main and Tema

totaling GH¢9,685,618.97 which were collected through The Trust Bank at the respective

stations between January 2008 to June 2010 were not transferred by the bank to the Road

Fund Account within the two working days timeframe set out in the contract. Road Fund thus

was deprived of the money and the interest these monies could have earned if paid on time

and invested.


TO JUNE 2010

iv

4. Total petroleum tax payment of GH¢58,796,796.01 with a corresponding Petrol and

Diesel Levy of GH¢30,688,681.99 which were paid to Ghana Commercial Bank and

ECOBANK between September 2008 and June 2010 were transferred into the petroleum

collection account after the three workings days without the imposition of penalty as

prescribed in the contract.

5. Six toll booths, during the period January to June 2010, did not lodge the Road Tolls

which were collected amounting to GH¢445,124.27 into the Road Fund Account within the

prescribed period.

Non-payments – GH¢4,428,535.57

6. Seven toll booths under paid the tolls collected by an amount of GH¢273,900.89.

Additionally, 17 private firms which were engaged by the Road Fund to collect tolls on

agreed terms owed the Road Fund GH¢855,737.25 of road tolls which had not been settled by

31 December 2010.

7. Liftings 11,928,750 litres of Ago and 4,028,000 litres of premium with a Road Fund

component of GH¢957,408.00 made by Ghana Navy, Ghana Army, Ghana Police Service

and Tema Oil Refinery between January 2009 and June 2010 was not paid for as at 31

December 2010. Again, Liftings of 1,021,500 litres of Ago and 427,500 litres of premium

with a Road Fund component of GH¢50,520.00 made by two Oil Marketing Companies

(Deliman and Frimps) have not been paid for as at June 2010.

8. Oil Marketing Companies (OMCs) granted the Debt Rescheduling Facility failed to

pay an amount of GH¢2,290,969.43 due the Road Fund from liftings of petrol and diesel

made between July 2008 and April 2010. This amount remained unpaid as at 31 December

2010.


TO JUNE 2010

v

Amount not transferred - GH¢11,188,598.36

9. Vehicle Registration and Road Use Fees for Kumasi, Tema and Weija amounting to

GH¢189,472.28 collected from November 2008 to March 2010 were not transferred into the

Road Fund Account as at 30 June 2010.

10. Total tax payment of GH¢7,897,160.47 and a corresponding Petrol and Diesel Levy

of GH¢4,081,926.00 collected through the Ghana Commercial Bank and ECOBANK was

not transferred into the CEPS Petroleum Collection Account (BOG, Account Number -

0123050012168) as at 30 June 2010.

11. Between January and December 2009, total tax of GH¢5,745,515.80 with a Road

Fund component of GH¢2,522,029.08 was not routed through the GCNet but paid directly

into CEPS Petroleum Collection Account. Since transfers to the Road Fund are determined

based on the amounts paid through the GCNet, the Road Fund was denied GH¢2,522,029.08

in revenue.

12. Payments of the re-scheduled debts were made directly into CEPS Petroleum

Collection Account and not through the GCNet. As a result, Petrol and Diesel Levy of

GH¢4,395,171.00 was not received by Road Fund.

Tickets not accounted for - GH¢10,004,000.00

13. Tickets received by the Road Fund Secretariat from the Controller and Accountant

General’s Department valued at GH¢10,004,000.00 which were said to have been issued to

the regional offices of Ghana Highways Authority (GHA) could not be traced to their records.

SPECIAL AUDIT OF THE REVENUE OF THE ROAD FUND FOR THE PERIOD JANUARY 2008 TO

JUNE 2010

i

Office of the

Auditor-General

Ministries Block “O”

P. O. Box MB 96

Accra

Tel. (0302) 662493

Fax (0302) 662493

January 2012

Dear Madam Speaker,

REPORT OF THE AUDITOR-GENERAL ON THE SPECIAL AUDIT OF

THE REVENUE OF THE ROAD FUND FOR THE PERIOD

JANUARY 2008 TO JUNE 2010 I have the honour to submit to you for presentation to Parliament a special audit report

on revenue of the Ghana Road Fund which was carried out in five regions between

October 2010 and May 2011.

2. The audit was undertaken in accordance with my mandate under Section

187(2) of the Constitution of Ghana and Section 13 of the Audit Service Act which

requires me to, in addition to the audit of public accounts, carry out special audits and

reviews in public institutions.

3. It was noted that the Road Fund exceeded its budget for the audit period by

1.69%. Its total collection however fell short of the funding required by the three

maintenance agencies, recording a funding gap of GH₵ 310,652.59 by December

2011. It was further observed that the Fund did not have real time access to the

collections due to delays by the collecting banks in transferring the money to the

Fund’s Account and some instances of outright non-payment of amounts due the Fund

into its Account. Recommendations have thus been made to address the weaknesses

noted.

TRANSMITTAL LETTER

Ref. No. AG/01/109/Vol.2/47


JUNE 2010

ii

4. The audit was undertaken by staff of the Special Audit Unit under the

supervision of Mr. Edward Ayekpley, Director and Mr. Yaw Sifah, Deputy Auditor-

General responsible for Performance and Special Audits Department.

5. I would like to thank my staff for their assistance in preparing this report and

management and staff of Driver, Vehicle and Licensing Authority for their assistance

and cooperation during the audit.

6. I trust that this report will meet the approval of Parliament.

Yours faithfully,

AUDITOR-GENERAL

cc: THE RIGHT HON. SPEAKER

OFFICE OF PARLIAMENT

PARLIAMENT HOUSE

ACCRA


JUNE 2010

1

CHAPTER ONE

INTRODUCTION

1.1 Reason for audit

1. Funding the maintenance of the country’s road network from annual budgetary

provisions from the Consolidated Fund has, over time proved to be inadequate and

unreliable. The funding gap created as a result of this state of affair, has left in its trail a

very bad state of roads in the country. This challenge had rippling negative effects on the

other sectors of the economy, notably, agriculture, industry and commerce. The Road

Fund was established by government in 1985 with the objective of establishing a secure

source of funding for road maintenance in the country. In September 1997, the Road

Fund Act, 1997 (Act 536) was promulgated with the objective of providing a framework

for the effective management of the Fund. In line with the Act, a 13 member board was

set up to manage the Road Fund while the day to day administration is handled by a

secretariat (Road Fund Secretariat).

2. The Fund has four main revenue sources, namely, Fuel Levy, International Transit

Fees, Road Tolls and Vehicle Registration and Road Use Fees which are collected

respectively by Customs Division of Ghana Revenue Authority (GRA), Ghana Highway

Authority (GHA), and Driver Vehicle Licensing Authority (DVLA). The Fund is to be

used for routine and periodic maintenance of roads which include the rehabilitation and

upgrading and road safety activities and projects. These functions are performed by the

Ghana Highway Authority, Department of Urban Roads, Department of Feeder Roads

and the Road Safety Commission.

3. The establishment of the Fund however, does not appear to have halted the

deplorable state of the road network it was intended to address as the poor road

conditions are still prevailing.


JUNE 2010

2

1.2 Objectives of the Audit

4. The special audit of the revenue of the Road Fund was conducted to find out how

effectively the Fund was contributing its fair share of the country’s road maintenance

budget by coordinating and harmonising the activities of the various collection agencies.

The specific objectives of the audit were to:

determine whether the revenue collecting agencies were collecting and accounting

in full for all the revenues due the Fund in accordance with all relevant

legislations and agreements;

find out if proper records were maintained and that the rules and procedures

applied were sufficient to safeguard and control public funds and property;

ascertain whether Road Fund Secretariat has established proper systems to

enhance information flow among all the collecting agencies to improve economy,

efficiency and effectiveness; and

make recommendations towards addressing all shortcomings observed.

1.3 Scope of the audit

5. The audit was undertaken between October 2010 and March 2011 and covered the

inflows from all the revenue sources into the Road Fund for the period January 2008 to

June 2010. Five regions, namely, Greater Accra, Ashanti, Western, Eastern, and Volta

were visited. The areas sampled under each revenue category are shown in Table 1.

Table 1 - Areas sampled for the various revenue sources

Revenue source Sampled areas Petrol and Diesel Levy Tema Oil Refinery, Takoradi Fuel Depot, Kumasi Fuel Depot, Mami

Water Fuel Depot.

Vehicle Registration and

Road Use Fees

DVLA offices in Kumasi, Takoradi, Tema and Accra Main

Road Tolls Ankobra, Beposo, Adimbra, Tabere, Kyeremfsao, Aboaso, Adomi,

Sogakope, Afienya, Dodowa, Ayi Mensah, and Nsawam

International Transit Fees Aflao and Elubo


JUNE 2010

3

1.4 Methodology

6. The Risk-based Audit Methodology was used in carrying out the audit. We

interviewed key officers to understand and document the accounting and administrative

systems and procedures of the Fund and its Agencies, as they relate to collection of

revenue for the Fund. We also reviewed documents obtained from key personnel at the

Road Fund Secretariat and the other Agencies and inspected the facilities and

infrastructure set up to enhance the collection of the Fund. In accordance with our

procedures, we discussed our findings with key officers of the Road Fund Secretariat and

the various collection agencies and their responses, where necessary, are included in this

report.

1.5 Key Personnel

7. Table 2 shows the key management personnel at post at the Road Fund Secretariat

and the collecting agencies during the audit period.

Table 2: Key management personnel at post

Organisation Name of officer Rank Period

Road Fund Secretariat Mr. Francis Degber Director of the Road

Fund

November 2009 to date

DVLA Mr. Amegashie Chief Executive Officer January 2009 to date

DVLA Mr. Mohammed Twumasi Deputy Director, Finance November 2009 to date

GRA (Customs

Division) Mr. Tchopa ACP, TOR office August 2010 to date

GRA, (Customs

Division)

Mr. Aban Dep. Commissioner,

Finance

January 2009 to date

GHA Mr. Nusetor Director of Finance September 2010 to date


JUNE 2010

4

CHAPTER TWO

DETAILS OF FINDINGS AND RECOMMENDATIONS

2.1.0 The Fund’s contribution to the road maintenance basket

8. The establishment of the Road Fund was intended to bridge the financing gap

between budgetary allocation for routine and periodic maintenance of the country’s road

network and the actual outlay required to assure effective maintenance of the roads and,

in addition, to undertake other road safety activities. Revenue budgets reviewed at the

Road Fund Secretariat showed that the Fund collected GH¢339,917,940.60 as against a

budget of GH¢334,272,467.00 for the audit period, showing a positive variance of

GH¢5,645,473.60 or 1.69%. Details are shown in Table 3. Revenue collections showed

an increase of 16.2 % from 2008 to 2009 with further increase expected in 2010, partly

as a result of the upward adjustment in Road Tolls in February 2010. Information on the

funding challenges compiled by the Director of the Road Fund for 2011 however

indicates that the three road maintenance agencies ( Ghana Highways Authority,

Department of Feeder Roads and Department of Urban Roads) collectively require

GH¢400,106,000.00 to maintain the country’s road network. However, the Fund’s budget

support for the three agencies for the same period amounted to GH¢89,453,640.00,

resulting in a funding gap of GH¢310,652,360.00.

Table 3: Road Fund Budget/Revenue collection (January 2008 – June 2010)

Revenue Type 2008

GH¢

2009

GH¢

2010 (Jan-

June) GH¢

Total

GH¢

% of

Total

International Transit

Fees

1,018,307.00 1,106,691.00 1,214,227.36 3,339,225.36 0.98

Vehicle Reg. &

Road Use Fees

4,994,309.00 4,651,554.00 6,337,609.00 15,983,472.00 4.70

Petrol & Diesel

Levy

108,965,104.00 127,410,143.00 67,516,608.00 303,891,855.00 89.40

Road & Bridge

Tolls

2,131,091.00 2,924,092.00 11,648,205.24 16,703,388.24 4.92

Total Collections 117,108,811.00 136,092,480.00 86,716,649.60 339,917,940.60 100

Budget Revenue 129,159,467.00 123,282,400.00 81,830,600.00 334,272,467.00

Variance (12,050,656.00) 12,810,080.00 4,886,049.00 5,645,473.60

Source: Road Fund Secretariat


JUNE 2010

5

9. Thus the Road Fund was unable to contribute the projected share of the total

funding requirements for the period under review. Apart from the Fund’s inability to

contribute its fair share of the maintenance expenditure of the country’s road network,

we further found that the Government was not getting real time access to the collections

from the various revenue sources as a result of delays by the various agencies and the

collecting banks in paying the collections into the Road Fund Account. We also found

instances of non-payment of the Fund’s component of the taxes generated from fuel

levies. Details of the specific findings in the various revenue categories are provided

below.

2.2.0 Driver Vehicle Licence and Road Use Fee

10. Vehicle Registration and Road Use Fees are collected by Driver Vehicle and

Licensing Authority (DVLA) at its 47 stations throughout the country, retaining 15% of

the Fees and remitting 85% to Road Fund. The DVLA has entered into arrangements

with The Trust Bank and National Investment Bank which operate on-site banks to

facilitate the collection and safeguard the revenues generated. Those points without the

on-site banks pay their collections into Road Fund GCB accounts directly.

11. In an attempt to improve the revenue collection of the Driver and Vehicle

Licensing Authority (DVLA), government introduced structural reforms in the revenue

collection. As part of the reforms, the Ministry of Finance and Economic Planning

entered into an agreement with The Trust Bank Ltd to provide banking facility to receive

payments from the general public in respect of services provided by the Authority.

Section 1 ( c) and ( d) of the Government Revenue Collection Agreement between the

Ministry of Finance and Economic Planning and The Trust Bank Ltd stipulate that the

revenue that the Trust Bank collects shall be transferred to the destination accounts (Road

Fund inclusive) within two working days after the date of collection. Additionally, the

agreement stipulates that any amounts kept by the bank after the period stipulated shall


JUNE 2010

6

attract interest at the going Treasury bill rate or similar rates for government indexed

bonds in force in Ghana.

12. We found that The Trust Bank violated the terms of the agreement as follows:

There were delays exceeding two days in transferring the Vehicle Registration

and Road Use Fee into the Road Fund account, and

Outright failure to transfer the Vehicle Registration and Road Use Fees into the

Road Fund account.

2.2.1 TTB delayed in transferring Vehicle Registration and Road Use Fees-

GH¢9,685,618.97

13. Vehicle Registration and Road Use Fees totaling GH¢9,685,618.97 which were

collected through The Trust Bank Ltd (TTB) branches stationed at DVLA offices in

Kumasi, Weija, Accra Main and Tema from January 2008 to June 2010 were not

transferred to the Road Fund account within the timeframe set out in the contract.

Almost all the monthly collections were transferred one month after the collection date as

shown in Appendix 1 to the report. As stated in the Agreement, these delayed transfers

should attract interest at the going Treasury Bill rate. We did not see any interest charged

in respect of these delayed transfers.

14. The management of DVLA wrote to the bank on two occasions on the delayed

transfers but the Bank did not heed to the terms of the contract in respect of transfers. In a

letter written to DVLA, the Bank indicated that its software was unable to transfer the

money within the two working days (unless management of the DVLA advised them to

transfer the money). The Ministry of Finance and Economic Planning which signed the

agreement on behalf of government was also not monitoring the operations of the Banks

in order to enforce the terms under the contract. Although the Road Fund Secretariat

received monthly returns from DVLA, they did not verify the returns to ascertain whether

the monies collected were transferred on schedule.


JUNE 2010

7

15. This situation has denied the Road fund of money which would have enabled it to

pay for its projects on time. The Road Fund sometimes has had to borrow from other

sources to be able to pay for its projects.

16. We recommend that DVLA management should ensure that the bank pays the

required interest on the amount that was not transferred within the prescribed time limits.

Also, the Bank must henceforth transfer every pesewa within the prescribed timeframe in

the contract. Furthermore DVLA, MOFEP and CAGD should monitor the operations of

the Bank to ensure compliance with the terms of the agreement, especially those

regarding transfers of money to the various destination accounts.

Management responses

Driver and Vehicle Licensing Authority (DVLA)

17. The Bank was written to and it asserted that the Non-Tax Division had given them

administrative approval to keep the collections for about two weeks. The issue has further

been referred to the Commissioner for direction. Meanwhile, a meeting has been held

with stakeholders to discuss the audit concern.

Road Fund Secretariat

18. The auditor’s recommendation is noted. Road Fund would follow up and ensure

enforcement.

2.2.2 Vehicle Registration and Road Use Fees not transferred into Road Fund

account-GH¢189,472.28

19. We observed that Vehicle Registration and Road Use Fees for Kumasi, Tema and

Weija amounting to GH¢189,472.28 collected between November, 2008 to March, 2010

and shown in Table 4 had not been transferred to the Road Fund Account by June 2010.

DVLA officials intimated during interviews that they could not detect this anomaly

because The Trust Bank (TTB) did not provide the Authority with monthly bank


JUNE 2010

8

statements which would show the amount collected in the month and the transfers made

into the destination accounts (Road Fund inclusive).

As a result, DVLA was unable to prepare monthly bank reconciliation statement of TTB

collection and remittance account. We could not confirm whether DVLA requested for

these bank statements from The Trust Bank in the first place. Details are provided in the

Table 4.

Table 4: Road Use Fees not transferred into the Road Fund account

Station Month Amount (GH¢)

Kumasi Nov 2008 32,339.53

Tema Nov 2008 47,269.01

Weija Nov 2009 10,404.34

Weija Dec 2009 8,724.37

Weija February 2010 42,543.43

Weija March 2010 48,191.60

Total 189,472.28

20. On the part of Road Fund, though the Secretariat received monthly returns from

DVLA which gave details of Vehicle Registration and Road Use Fees collected by TTB,

they did not prepare monthly Bank Reconciliation Statement of the account in which the

money should be lodged. The preparation of monthly reconciliation statement would

enable the Road Fund ascertain whether the money collected by the Bank as stated in the

returns has been transferred or not.

21. Additionally, the Road Fund Secretariat did not communicate effectively with

DVLA to give feedback on the services they rendered to them. Besides, the Ministry of

Finance and Economic Planning which signed the agreement on behalf of government

was not monitoring the operations of the Bank to ensure compliance with the terms under

the contract.


JUNE 2010

9

22. On the basis of the above situation, we recommend as follows:

The Trust Bank Ltd should furnish DVLA and the Road Fund Secretariat with

monthly bank statement of the account in which the collections and the

transfers are made;

upon receipt of the TTB bank statement, DVLA and the Road Fund Secretariat

should perform monthly bank reconciliation of the account to ascertain the

state of the collections and the transfers;

The Road Fund Secretariat should coordinate the activities of the Banks,

MOFEP and CAGD and communicate effectively with DVLA to enhance their

operations;

TTB should transfer every pesewa into the Road Fund Account within the

prescribed time frame in the contract;

DVLA, MOFEP and CAGD should monitor the operation of the bank and

ensure that they abide by all the terms of the agreement; and

TTB should transfer the money with immediate effect and pay the applicable

interest at the current Treasury bill rate.


Driver and Vehicle Licensing Authority (DVLA)

23. A letter has been written to the bank to confirm and explain why the amount is still

not transferred and awaiting responses from the bank.


24. The auditor’s recommendation is noted. Road Fund would follow up and ensure

enforcement.


JUNE 2010

10

2.3.0 Road and Bridge Toll

25. The Road and Bridge Tolls are collected by Ghana Highway Authority (GHA) at

27 toll points throughout the country by toll operators who are employees of GHA, and

proceeds paid into the Road Fund Account. In an attempt to improve the efficiency of toll

collection, the toll booths on the Tema Motorway and Kasoa have been automated and

are handled by Angel Data Telecom Ltd. The tolls range from GH¢0.50 for smaller cars

to GH¢2.50 for bigger trucks. We noted instances of delayed, non-payment and partial

payment of tolls and improper stores procedures covering toll tickets. Details of the

findings are provided below.

2.3.1 Delayed payment of Road Tolls by booth operators- GH¢445,124.27

26. For the period January to June 2010, six toll booths did not lodge Road Tolls

collected amounting to GH¢445,124.27 into the Road Fund Account within the

prescribed timeframe stated in the FAR, Section 15 (1). The delays ranged from two to

seven working days as detailed in Appendix 2 to the report.

27. Some toll booth supervisors indicated that the Ghana Commercial Bank (GCB)

branches where they could lodge the money was far from the booth where they operated.

Additionally, they complained that the Road Fund Secretariat did not pay them transport

allowance for the purpose. Some of the Supervisors also stated that with the increase in

the tolls, they have become target of attack by robbers. Hence, it was risky to carry

money to the bank daily.

28. For the period that collections remain with the operators, the Fund is denied the

use of the money for the intended objectives. Additionally, the supervisors could

misapply the money, losing it in the process. The supervisors could even be robbed of

that money if they delayed in paying to bank. We urged management of the Road Fund


JUNE 2010

11

and the Ghana Highways Authority to arrange with the GCB to collect the money from

the toll booths daily to ensure the prompt lodgment and security of the funds.

Management response


The auditor’s recommendation is noted. Road Fund would take steps to correct the

situation.

2.3.2 Toll tickets not accounted for by operators- GH¢10,004,000.00

29. Tickets received by the Road Fund Secretariat from the Controller and Accountant

General Department (CAGD) valued at GH¢10,004,000.00 which were said to have been

issued to the regional offices of GHA, could not be traced to their records. The tickets

from CAGD had unique prefixes and identification numbers which were different from

the identification numbers of the outstanding tickets in the stock registers of the regional

offices of Ghana Highways Authority. We therefore could not ascertain whether these

tickets were accounted for. Details have been attached as Appendix 3.

30. This situation occurred because the Road Fund Secretariat did not keep a stock

register which would provide details of receipts and issues of the tickets. Additionally,

the Secretariat did not keep issue vouchers which could have been issued to recipients of

tickets to indicate the details of tickets issued to them. Besides, the Secretariat did not

issue way bills for these tickets to serve as evidence that the tickets were issued to the

various stations. The situation could deny the Road Fund of funds to carry out its

mandate in the roads sub sector of the economy of Ghana. This could also encourage

ticketing fraud in the operations of the tolls.

31. We recommend that the Secretariat keeps a stock register of value books to enable

it track and supervise the tickets issued to ensure their proper accountability. The

Secretariat should also keep issue vouchers and waybills and issue them accordingly to


JUNE 2010

12

the operators. Management of GHA should carry out regular monitoring of the operation

of the toll booth supervisors to ensure that the tickets are put to good use.

We urge management of the Road Fund to account for the tickets with valid and reliable

documentary evidence, showing the issue of the tickets, the identity of recipients and

revenue derived there from. Otherwise they should refund the GH¢10,004,000.00 which

is the face value of these tickets.

Management response


32. The auditor’s recommendation on store procedures for toll ticket is noted. Store

records are now available for all tickets received and issued out. The tickets in question

have been accounted for per the February 2010 to March 2010 returns submitted by GHA

on the issues for those periods. These are the first tickets issued for the starting of the new

pricing regime and it could therefore not be missing. The identification could be difficult

if their prefix is omitted. Toll tickets have been completely handed over to GHA.

2.3.3 Toll Supervisors did not lodge their entire collections into the Road Fund account

33. We noted from a review of the toll collection accounts that instead of lodging the

entire collection into the account, part was kept by the supervisors and paid at a later date

after additional collections have been made. This situation suggests that the supervisors

were engaged in teeming and lading, an act which could lead to loss of revenue.

34. The toll supervisors intimated to our team that they used the money they kept as

imprest for change to their patrons who paid in higher currency denominations, adding

that GHA and the Road Fund did not give any imprest for this purpose. Furthermore,

GHA and Road Fund have not made any recommendation as to how much of the daily

collection a toll supervisor could keep as imprest. This situation was being exploited by

the supervisors by determining the amount to keep as imprest. The amount underpaid as a


JUNE 2010

13

result of the unilateral decision by the toll booth supervisors of GH¢273,900.89 is

attached as Appendix 4.

35. The Road Fund was thus denied of a substantial amount of money in addition to

the loss of interest that would have accrued on these amounts during the period that it

was held by the toll booth supervisors. Additionally, the supervisors could misappropriate

these monies or be robbed if they delayed in paying.

36. During interview with toll supervisors, they indicated that each toll booth operator

needed about GH¢1,000.00 as revolving fund to operate effectively. We therefore, urge

management of GHA to consider providing this amount through its annual budgetary

estimates to prevent toll operators from indulging in underpayments. We further

recommend that the Road Fund and the GHA should reach an agreement with the GCB to

collect the money from the toll booths daily to ensure prompt lodgment and security of

the funds.



37. The ceiling of GH¢1,000.00 recommended as a revolving fund is well noted. The

ceiling level has been communicated to the GHA, Regional accountants. A reminder is

urgently needed to enforce the directive and the GHA monitoring team to ensure

compliance. Management has plans to extend the automation system to the Regions after

the successful piloting in Greater Accra Region. The auditors observation of an under-

payment of GH¢273,900.89 is an exaggerated figure which did not take into

consideration collections over the weekends.


JUNE 2010

14

2.3.4 Private toll booth operators owe Road Fund GH¢833,631.04

38. Road toll collections were privatised in 2005. From 2008 however, the Road Fund

Board phased out the approach of contracting toll collection to private operators, handing

over the responsibility to GHA from September 2009. At the end of the privitisation

phase however, 17 private operators owed the Road Fund GH¢833,631.04 in tolls

collected but not paid to the Fund.

39. The operators indebted to the fund had by 31 December 2010 not paid the amount.

The Road Fund said it had referred the matter to the Attorney General’s office for

prosecution but no action has been taken yet. This has denied the Road Fund of funds

needed to carry out its mandate of maintaining the country’s road network. Details of the

indebtedness are attached as Appendix 5.

40. We recommend that management of the Road Fund should send a reminder to the

Office of the Attorney-General seeking an update of the status of the legal action on the

case(s). All other legitimate avenues should be explored to ensure that the amount of

GH¢855,737.25 is retrieved from these private operators.

Management response


41. The Road Fund Board through the Ministry of Roads and Highways has reported

the case to the Minister of Justice and Attorney General to carry out the recovery. The

Ministry of Justice and Attorney General's Department is therefore handling the matter.

Follow-ups are being made.

2.3.5 Operational challenges affecting operation of booth operators

42. The Labour Act, 2003 (Act 651), 10 (a) indicates that it is within the right of a

worker to work under satisfactory, safe, and healthy conditions. We noted on the contrary

during our rounds that some of the operators worked under unsatisfactory, unsafe and

unhealthy environment.


JUNE 2010

15

43. First, all the 16 toll booths visited in Volta, Eastern, Western, Ashanti and Brong

Ahafo regions complained of inadequate security arrangements. For instance, the toll

booth in Aboaso in the Ashanti Region has had three robbery attacks in 2010. There were

some Police barriers at some of the toll booths. However, the Supervisors indicated that

the Police had different operational details and that no police officer was detailed

specifically for the toll booths. In case of any problems at the toll booths, the police

nearby cared very little in helping to resolve such challenges.

We were informed by the toll booth supervisors that even in situations where police

officers were assigned to the toll booth, they usually spent few hours and left the booth.

The security officers complained of unpaid allowances.

44. We also observed that none of Adiembra, Tabere, Dodowa and Bechem toll

booths had safes to keep their daily collections. Each toll booth in Nsawam and Adome

had lost one of the keys to their safes; a situation which made keeping money in the safe

risky. Additionally, all toll collectors complained of nonpayment of allowances or delay

in the payment of allowances. We also observed that toll operators had to contend with

exhaust fumes from vehicles without any protective clothing. Most toll booths did not

provide rechargeable lamps and rain coats for operatives. Hence, in situations of power

outages and rains, they could not operate. This could lead to loss of revenue to the Fund,

since vehicles would be left to pass without collecting the necessary revenue.

45. Pot holes have developed around the Tabre, Ankobra, Kyeremfaso toll booths. We

were informed by toll booth supervisors that drivers used the situation as excuse for

refusing to pay of the tolls, thereby creating problems for toll operators. We did not find

that Road Fund Secretariat has made any serious effort towards addressing these

challenges. We encourage the Secretariat to address these operational challenges to

improve the morale of the booth operators.


JUNE 2010

16

Management Response


46. The Secretariat has an approved budget for the renovation of the stations which is

ongoing. Toll booth close to the barrier is a strategic arrangement with the Police whose

presence serves as deterrent to would be offenders. Meanwhile, arrangements are far

advanced to get better commitment from the Police in respect of security of the various

toll stations. All allowances due to the toll collectors have been duly paid. Safes have

been delivered to the GHA for distribution to the various toll stations.

Intermittently, logistics supply is sent to the toll operator on request from them.

Necessary action has been taken on the Tabre, Ankobra, Kyeremfaso toll road areas.

2.4.0 Petrol and Diesel Levy

47. Fuel levy (Petrol and Diesel levy) is the main source of revenue for Road Fund,

accounting for about 89.40% of the total revenue of the Fund as shown in Table 3. The

levy is collected by Customs Division of the Ghana Revenue Authority (GRA) at various

points of lifting of petroleum products: Tema (TOR), Takoradi (Mami Water), Takoradi

(Buipe) and other minor lifting points. The Road Fund levies GH¢0.06 on every litre of

petrol or diesel lifted from these lifting points. The petroleum taxes are paid by the Oil

Marketing Companies (OMCs) to Ghana Commercial Bank and ECOBANK through the

GCNet. The Banks then transfer the money into the CEPS Petroleum Collection Account

from where it is transferred into the Petroleum Distribution Account.

48. The Bank of Ghana, representing the government of Ghana signed an agreement

with the GCNet participating banks under which the latter were to transfer all payments

made by the Oil Marketing Companies (OMCs) into the CEPS Petroleum Collection

Account (Bank of Ghana) within three working days after the date on which they were

collected. The agreement further specifies that payments which are transferred after the

three working days shall attract interest at the on-going 91 - day Treasury Bill rate.


JUNE 2010

17

49. Contrary to the agreement, we noted as follows:

delays in transferring the levies collected by the participating banks into

the CEPS Collection account, and

non - transfer of revenue collected by the GCNet participating banks into

the CEPS Collection Account.

2.4.1 Delay in transferring Petrol and Diesel Levy into the CEPS Petroleum Collection

Account – GH¢30,767,248.99

50. Total petroleum tax of GH¢58,808,796.01 and corresponding Petrol and Diesel

levy of GH¢30,767,248.99 which were paid to the GCNet participating banks between

September 2008 and June 2010 were transferred after more than three working days

without the imposition of such penalty as prescribed in the contract.

51. We found that the key players such as the fuel depots, CEPS and the Controller

and Accountant General were not signatories to the contract and can therefore not enforce

any terms thereof. Although the Bank of Ghana is a signatory to the contract, it was

bereft of the necessary information to be able to determine whether the operations of the

Banks were being conducted in line with the terms of the contract. The Bank of Ghana

was therefore not in a position to determine whether transfers were being made into the

Petroleum Revenue collection Accounts as stipulated in the contract. This situation has

led to the instances of delayed transfers detailed in Appendix 6 to the report.

52. We also noted that the penalty provision stated above was not invoked by the

Bank of Ghana on the participating banks to serve as a deterrent to them. The situation

denied the Road Fund of resources for the period that the collections were not transferred

into the CEPS Collection Account.


JUNE 2010

18

53. The Bank of Ghana should apply the penalty clause on the amount that the banks

delayed in transferring in accordance with the agreement. The Bank of Ghana should also

monitor the GCNet to know the payments made in a day and strictly ensure that such

payments are transferred into the CEPS Collections Account within 48 hours. The Road

Fund Secretariat should be hooked onto the GCNet as a matter of urgency to be able to

monitor all payments daily. Additionally, we urge all stakeholder organisations to

coordinate effectively and report cases of abuse for prompt redress.

2.4.2 Petrol and Diesel Levy not transferred into the CEPS Petroleum Collection Account

- GH¢4,154,428.00

54. Total tax revenue of GH¢8,069,365.80 and a corresponding Petrol and Diesel levy

of GH¢4,154,428.00 collected by the participating banks between January and March

2010 was not transferred to the CEPS Petroleum Collection Account (BOG Account

Number 0123050012168) as at 30 June 2010 as detailed in Appendix 7. No penalty was

however imposed as prescribed in the contract.

55. The above situation could be attributed to the fact that key organisations that are

involved in the day to day operations of assessment, collection and accounting for the

revenue were not signatories to the agreement and could not enforce any terms therein.

These organizations include, the Fuel Depots (assessment of taxes to be paid); CEPS

(collection of petroleum taxes); and the CAGD (management of the Petroleum Collection

Account).

56. Although the Bank of Ghana is signatory to the contract, it does not perform any

role in the lifting and payment process and hence, had difficulty in accessing information

to reconcile payments made into the accounts and the transfers due to be made. The Bank

of Ghana has thus not applied the penalties relating to the breach of transfer provisions

stipulated in the contract to the participating Banks. The situation denied the Road Fund

of resources for the period that it was not transferred.


JUNE 2010

19

57. We recommend that CEPS and CAGD be made integral part of the contract so that

they can query the participating banks if they delay in transferring the money. The Bank

of Ghana should apply the applicable penalty on the amount that the banks have not

transferred. Again, The Bank of Ghana should constantly be monitoring the GCNet to

know the payments made daily and strictly ensure that such payments are transferred

within three working days. In addition, Road Fund Secretariat should be hooked onto the

GCNet as a matter of urgency to be able to monitor all payments on daily basis.

Meanwhile ECOBANK and GCB should transfer the money into the Petroleum

Collection Account with immediate effect.


Customs, Excise and Preventive Service (CEPS), Tema Oil Refinery Office,

Tema.

58. As to why the banks violated the terms of the agreement with regards to transfers,

they would be in a better position to explain. Besides, reports on outstanding lodgments

are made on monthly basis and copies submitted to the Chief Collector Revenue, CEPS

Head office.


59. Significant arrangements have been made to get the Road Fund hooked up to the

GCNET soon to ensure real time monitoring. Road Fund will follow up and ensure that

the outstanding amount is made available to the Road Fund without any further delay.

2.4.3 The Road Fund lost GH¢2,522,029.08 as a result of taxes and levies collected not

paid through the GCNet System by the OMCs.

60. In order to improve upon the collection of petroleum taxes, the GCNet was

introduced into the tax collection system. Section 6.4 of the contract between

Government of Ghana and the Ghana Community Network Services Limited (GCNet)


JUNE 2010

20

makes it mandatory for all declarants that require customs processing to use the GCNet

services. The Oil Marketing Companies (OMCs) were thus enjoined to pay their

petroleum taxes through the GCNet system. The Controller and Accountant General in

computing the Petrol and Diesel Levy meant for the Road Fund takes into account the

taxes that have been paid exclusively through the GCNet.

61. We observed that between January to December 2009, total tax of

GH¢5,745,515.80 with a Road Fund component of GH¢2,522,029.08 was not routed

through the GCNet but paid directly into the CEPS Petroleum Collection Account.

Details of the direct payments are attached to the report as Appendix 8.

62. During interview with the Head of Revenue at CAGD, he indicated that the direct

payments into the CEPS Petroleum Collection Account were not factored into computing

the Petrol and Diesel Levy that was transferred to Road Fund monthly. He explained that

with the introduction of the GCNet, it was expected that all manual payments made

directly into the CEPS Petroleum accounts would cease or would become insignificant.

Hence, CAGD management decided not to permit the manual system to interfere with the

operations of the electronic GCNet system. He reiterated that payments made directly

into CEPS Petroleum Collection Accounts would be intact in the accounts. This

condition has denied the Road Fund of money needed to carry out road maintenance

projects.

63. We were informed by some key staff of the OMCs that this state of affair stems

from the technical problems they experience in accessing and using the GCNet system. In

order not to delay the payment for lifting, which would attract penalties, they (OMCs)

pay directly into CEPS Petroleum Collection Account.


JUNE 2010

21

64. We recommend that Customs Excise and Preventive Service furnishes the Road

Fund and the CAGD with records of all direct payments so that the CAGD can factor

them into the determination of funds that should go to Road Fund. The GCNet should

develop hotlines to receive the complaints of the OMCs and other stakeholders for

prompt redress. Meanwhile, the Road Fund, the GRA (Customs Division) and the

Controller and Accountant General should as a matter of urgency deliberate on the issue

and transfer the outstanding amount to the Road Fund.


Customs, Excise and Preventive Service (CEPS), Tema Oil Refinery (TOR), Tema.

65. CAGD had an arrangement by which an officer was charged with collection and

reconciliation of Road Fund figures. For some time now the officer has stopped calling.

That notwithstanding, CEPS, TOR office continues to give the CAGD returns on the

details of lifting. In any case any money lodged into CEPS Petroleum Collection Account

is intact for the CAGD.

66. It would be grossly unfair to decree a sudden halt to these direct payments as the

situation may not be blamed on the OMCs. Instead, the GCNet and the National

Petroleum Authority (NPA) are largely responsible for the challenge of direct payments.

The GCNet system suffers frequent system slow - downs and down-times. Also, the

GCNet uses under capacity computers which get frozen sometimes. In the case of the

NPA, they register and permit OMCs to operate without any exposure or training to the

GCNet. Additionally, they delay in the release of the monthly price build up data that

specifies rates applicable to liftings. Not until these principal actors attain greater

efficiency in their operations, expediency shall dictate that we entertain these direct

payments.


JUNE 2010

22


67. The auditor’s recommendation is noted. Road Fund would follow up to ensure the

transfer of funds due Road Fund.

2.4.4 Liftings of petrol and diesel not paid for

68. Customs, Excise and Preventive Service (Management) Law, 1993, PNDCL 330

requires that a person or enterprise liable to pay excise duty or sales tax who fails to pay

it to the Service, within the period prescribed under this law shall incur a pecuniary

penalty of 15% on the amount due and payable and shall in addition, pay on that amount

interest at the prevailing Commercial Bank rate.

69. The Commissioner of Customs, Excise and Preventive Service, has directed that

with effect from 22nd

September, 2008, lifting made from 1st to 15th

of the month shall be

paid on the 6th

of the following month whereas lifting made from 16th

to end of the month

shall be paid on the 22nd

of the following month. Additionally, four working days shall be

granted for each lifting period without the imposition of penalty and interest. The

Commissioner further indicated that all payments made after the grace period shall attract

a 15% penalty on the amount due in addition to interest at the prevailing 91-day Treasury

Bill rate.

70. Road Fund levies for petrol and diesel are paid when lifting are paid for. Thus

where OMCs and other institutions that lift fuel from TOR and other depots fail to pay

for their lifting, the Fund is also affected financially. We found that the Ghana Army, The

Ghana Navy and The Ghana Police Service and Tema Oil Refinery did not pay for their

lifting amounting to GH¢ 957,408. We also found that two OMCs, namely Deliman and

Frimps did not also pay for their lifting amounting to GH¢ 50,520.00 Details are provided

as follows:


JUNE 2010

23

2.4.4.1 Lifting by Government Agencies not paid for

71. We noted that lifting of 11,928,750 litres of Ago and 4,028,000 litres of premium

with a Road Fund component of GH¢957,408 by Ghana Navy, Ghana Army, Ghana

Police Service and Tema Oil Refinery between January 2009 and June 2010 had not

been paid for by 31 December 2010.

72. The officers of GRA (Customs Division) indicated that these institutions have an

arrangement with the Ministry of Finance and Economic Planning (MOFEP) where the

ministry is supposed to pay on behalf of the institutions. We did not obtain any evidence

from GRA (Customs Division) to show that the MoFEP paid for the lifting. Further

checks with the Ghana Revenue Authority confirmed that MoFEP had not paid up at the

time of writing this report in August 2011.

This arrangement could deny the Road Fund of money to carry out its projects, since it

takes too long for MOFEP to pay for the liftings of the Security Services.

73. The Road Fund should collaborate with Ghana Revenue Authority, the security

agencies and the MoFEP to retrieve the GH¢957,408 due them, as detailed in Appendix 9

to the report.



74. The recovery of debt from the security agencies and TOR has remained a burden

in recent times. CAGD which is responsible for the payment made the last payment in

2008 for liftings up to 31 December 2007. As a result, demand letters have been given to

CAGD but payments have not been forthcoming.

75. TOR on their part acknowledges it owes and has provided many assurances and

reassurances. They have recently provided four cheques covering GH¢81,346.48 to

redeem part of the debt. They have further arranged to make regular payments in


JUNE 2010

24

installment to clear the debt. We would keep giving them demand notice to remind them

to pay the debt.

Road Fund

76. The Road Fund maintains debtors/accounts receivable ledger based on the liftings.

The debtor/accounts receivable ledger reduces based on the receipt into the Road Fund

Petroleum cash/bank distribution account. Therefore the petroleum levy debt has well

been communicated to the Security agencies. The CAGD has been informed of the

outstanding revenue.

2.4.4.2 Liftings by Deliman and Frimps not paid for - GH¢50,520.00

77. We noted that liftings totaling 1,021,500 litres of Ago and 427,500 litres of

premium with a Road Fund component of GH¢50,520.00 made by two Oil Marketing

Companies, Deliman and Frimps from the Kumasi depot were not paid for as at June

2010. Deliman owed GH¢48,090.00 of the total. Details are provided in Table 5.

Table 5: Lifting not paid for

OMC Period of

lifting

Date of

payment

Diesel

lifted

(litres)

Petrol

lifted

(litres)

Petrol and

diesel levy

payable

(GH¢)

Petrol and

diesel levy

paid

(GH¢)

Unpaid

amount

(GH¢)

Deliman 1 -15/3/08 13/3/08 319,500 189,000 30,510.00 17,160.00 13,350.00

Deliman 1-15/5/08 9-13/5/08 265,500 94,500 21,600.00 13,320.00 8,280.00

Deliman 16-31/09/08 - 310,500 130,500 26,460.00 Not paid 26,460.00

Frimps 16-30/4/08 24/4/08 126,000 13,500 8,370.00 5,940.00 2,430.00

Total 50,520.00

78. CEPS officers in Kumasi informed us that they took all necessary actions to

recover the amount due from the two companies but they remained recalcitrant. As a

result they referred the matter to the CEPS Head office in Accra. We had no information

from the CEPS Headoffice on whether, the amount has finally been paid, and the Road

Fund component transferred to Road Fund Account.


JUNE 2010

25

79. The Director of the Road Fund should pursue the matter and ensure that the money

is paid and the Road Fund component is transferred into the Road Fund account.

Management of GRA (Customs Division) should provide us with the necessary

documentary evidence when the amount is paid.


Customs, Excise and Preventive Service (CEPS), Tema Oil Refinery (TOR),

Tema

80. No responses received.

Road Fund

81. The auditor’s recommendation is well noted. Road Fund would follow up to get

the portion of the fund due it.

2.4.5 Abuse of debt rescheduling facility

82. The Rescheduling Facility is an intervention introduced by the Commissioner of CEPS in

the 1990s to assist importers who could not meet their tax liabilities. Under the Facility, the debt

repayments of the importers were arranged on more flexible installment terms. Officials at GRA

informed our team that the Facility was extended to the petroleum tax administration in 2005. The

basic objective was to assist distressed Oil Marketing Companies (OMCs) to pay their taxes which

have accrued over long periods. To verify the financial situations of these companies, applicants

are required to submit their past financial statements.

83. The rescheduling arrangements specify the number of installments, the amount to

be paid on each installment and the specific date on which the particular installment

should be paid. The arrangements also make it clear that any time an OMC misses out on

any of the installments, the rescheduling facility shall be nullified and withdrawn. In that

event, the OMC would have to pay all the balance immediately.


JUNE 2010

26

84. The Commissioner-General of GRA approves all applications for the Facility. We

could not ascertain the specific provision in the CEPS Management Law or any other

relevant legislation which grants the Commissioner the power to reschedule these debts.

We however reviewed the procedures for granting the Reschedule Facility and observed

as follows:

beneficiaries of the Reschedule Facility underpaid an amount of

GH¢2,290,969.43 on debts rescheduled;

the Reschedule Facility was granted to beneficiaries who had not lifted petrol

or diesel and therefore were not owing; and

installment payments in certain cases were not routed through the GCNet but

paid directly into the CEPS Revenue Collection account.

2.4.5.1 Under payment by OMCs- GH¢2,290,969.43

85. We found that OMCs underpaid the amount they were supposed to pay under the

agreement. Between July 2008 and April 2010, the underpayment accumulated to

GH¢2,290,969.43. This amount remained unpaid as at 31 December 2010. In all these

situations the Rescheduling Facility was not withdrawn from any OMC that flouted the

arrangements. Details are provided in Appendix 10.

2.4.5.2 Approval of rescheduling facility in anticipation of OMCs’ lifting.

86. The audit revealed that OMCs applied for the Rescheduling Facility at times when

they had not lifted any product. This was done by providing information to the GRA

based on projected lifting dates, taxes to be paid and for that matter the expected total tax

to be paid on that lifting. Thus, even though they had not lifted any product and had not

incurred any debt, they applied for the rescheduling of the non-existing debt. These

applications were however approved by the Ghana Revenue Authority. We could not

understand the basis for granting the Facility especially since there was no existing debt

incurred by these OMCs.


JUNE 2010

27

2.4.5.3 Installment payments not routed through the GCNet

87. The rescheduling arrangements specify that all payments should be made through

the GCNet. We noted that installment payments totalling GH¢4,395,171.00 were made

manually and directly into CEPS Petroleum Collection Account and not through the

GCNet.

As a result, this amount was not factored into the determination of the amount that should

be transferred to the Road Fund by the Controller and Accountant-General. Details are

provided in Appendix 11 to the report.

88. Confirming this position to our team, the Head of Revenue of the Controller and

Accountant General Department (CAGD), explained that with the introduction of the

GCNet, it was expected that all manual payments into the CEPS Petroleum Collection

Accounts would cease or would become insignificant. Hence, according to him, CAGD

management decided not to permit the manual system to interfere with the operations of

the electronic GCNet system. He reiterated that these payments made directly into CEPS

Petroleum Collection Accounts would be intact in the accounts.

89. These anomalies occurred because Ghana Revenue Authority failed to take action

on the OMCs’ non-adherence to the terms under which the Facility was granted. This

situation persisted despite the fact that GRA officers (Customs Division) on the schedule

provide detailed monthly reports on the rescheduled debts. Also, the Ghana Revenue

Authority top management did not effectively monitor the OMCs that applied for the

rescheduling to assess whether they were adhering to the terms of the rescheduling. Even

though, the Petrol and Diesel Levy was the main source of revenue for the Road Fund,

management of the Fund did not monitor the procedures and the processes by which the

revenue is generated to ensure that all moneys due the Fund were brought into account.

They therefore, received any amount that was transferred into their account.


JUNE 2010

28

90. Lack of proper controls in the management of the Rescheduling Facility by GRA

could provide a cheap source of finance for the OMCs to use even in situations where

they did not meet the criteria. Ultimately, this could pose serious problems for the

petroleum tax administration. The Road Fund would thus be denied of money that it

would have used for its road maintenance projects.

91. We thus recommend as follows:

Ghana Revenue Authority should withdraw the Facility from any OMC that

does not adhere to the rescheduling terms;

Rescheduling of debt based on petroleum products not yet lifted but rather on

projections should cease forthwith;

GRA should ensure that all payments are strictly made through the GCNet;

GRA management should monitor the rescheduling arrangements to ensure

they are adhered to by the OMCs;

Management of GRA should ensure that the OMCs pay the tax revenue of

GH¢2,290,969.43 which they have refused to pay under the Rescheduling

Facility with immediate effect;

The Road Fund should improve its relationship and collaboration with GRA on

the Petrol and Diesel levy; and

The Road Fund, the GRA Customs Division and the Controller and Accountant

General should meet to deliberate on the issue and transfer the outstanding

Road Fund Component of GH¢4,395,171.00 to Road Fund.


JUNE 2010

29



92. On the issue of outstanding debt of GH¢2,290,969.43 by Glory Oil and Fraga Oil,

Glory Oil wrote letters to the Commissioner, GRA (Customs Division) to offset their

unpaid negative taxes on the cross subsidy levy against the reschedule outstanding. Fraga

Oil on its part has a long standing issue with GRA (Customs Division) concerning refund

of overpayment of petroleum duties and levies which is still before a committee set up by

the Deputy Commissioner, Finance and Corporate Planning, Customs Division of GRA.

These two issues account for the outstanding debt.

93. On the issue of delayed payment by OMCs, the Deputy Commissioner Finance

and Corporate Planning, GRA (Customs Division), detected these as far back as 2009 and

revised the system by instructing OMCs to issue postdated cheques to forestall this

anomaly. The postdated cheques are given to the GRA (Customs Division) accountant at

TOR who presents the cheques for payment as and when they are due.

94. With regards to lifting projections, the mandate is vested in the Commissioner

General of GRA to approve the reschedule facility based on projected liftings. Also, the

GCNet is yet to activate their program on reschedule and this has necessitated direct

payment through the Bank of Ghana.

Road Fund

95. The auditor’s recommendation is noted. Road Fund will follow up and ensure

transfer to the Road Fund the portion due it.

Accra Jan-08 20-Feb-08 March, 08 216,876.70

Feb-08 26-Feb-08 27-Mar-08 177,854.85

Mar-08 7-Apr-08 9-Apr-08 169,677.00

Apr-08 16-May-08 11 June,08 185,003.78

May-08 9-Jun-08 11-Jun-08 173,982.17

Jun-08 14-Jul-08 17-Jul-08 150,829.50

Jul-08 12-Aug-08 14-Aug-08 166,072.75

Aug-08 16-Sep-08 17-Sep-08 166,600.77

Sep-08 16-Nov-08 20-Nov-08 150,249.91

Oct-08 11/10/2008 12-Nov-08 168,555.85

Nov-08 30-Dec-08 31-Dec-08 142,996.40

Dec-08 21-Jan-08 23-Jan-09 131,966.24

Accra Jan-09 16-Feb-09 18-Feb-09 209,202.90

Feb-09 16-Mar-09 17-Mar-09 164,663.70

1-Mar 20-Apr-09 21-Apr-09 152,097.90

Apr-09 26-May-09 29-May-09 174,799.95

May-09 15-Jun-09 17-Jun-09 126,636.40

Jun-09 15-Jul-09 16-Jul-09 129,553.09

Jul-09 14-Aug-09 18-Aug-09 142,168.62

Aug-09 16-Sep-09 17-Aug-09 150,176.22

Sep-09 20-Oct-09 22-Oct-09 139,792.28

Oct-09 17-Nov-09 18-Nov-09 159,423.79

Nov-09 21-Dec-09 24-Dec-09 125,895.20

Dec-09 15-Jan-09 19-Jan-10 102,849.41

APPENDIX 1

DELAYED TRANSFER OF VEHICLE REGISTRATION AND ROAD USER FEES

FROM TTB TO ROAD ACCOUNT

STATION MONTH

TTB DATE OF

TRANSFER

DATE

RECEIVED IN

ROAD FUND

ACCOUNT

AMOUNT (GH₵)

Accra Jan-10 16-Feb-10 18-Feb-10 221,893.78

Feb-10 18-Mar-10 22-Mar-10 370,662.90

Mar-10 12-Apr-10 14-Apr-10 455,426.60

Apr-10 17-May-10 18-May-10 403,652.68

May-10 14-Jun-10 17-Jun-10 386,343.28

Jun-10 20-Jul-10 360,958.87

Weija Sep-09 25-Nov-09 10,894.37

Oct-09 19-Jan-10 10,776.90

Weija Jan-10 12 June, 10 21,921.84

Apr-10 27-May-10 44,551.05

May-10 26-Jul-10 39,804.65

Jun-10 19-Aug-10 43,543.80

Tema Jun-08 24-Jul-08 29-Jul-08 40,056.41

Jul-08 1-Sep-08 4-Sep-08 62,553.12

Aug-08 15-Sep-08 17-Sep-08 63,804.07

Sep-08 16-Nov-08 20-Oct-08 57,631.96

Oct-08 10-Nov-08 12-Nov-08 67,700.62

Dec-08 21-Jan-09 23-Jan-09 41,062.57

Tema Jan-09 16-Feb-09 18-Feb-09 75,738.32

Feb-09 16-Mar-09 17-Mar-09 55,840.41

Mar-09 30-Apr-09 57,627.28

Apr-09 26-May-09 29-May-09 51,466.48

May-09 15-Jun-09 17-Jun-09 48,048.80

Jun-09 15-Jul-09 16-Jul-09 52,452.06

Jul-09 14-Aug-09 18-Aug-09 50,820.40

Aug-09 16-Sep-09 17/9/09 50,323.15

Sep-09 20-Oct-09 22-Oct-09 57,668.68

Oct-09 17-Nov-09 18-Nov-09 53,503.08

Nov-09 18-Dec-09 22-Dec-09 45,069.98

Dec-09 15-Jan-09 19-Jan-10 39,505.61

Tema Jan-10 16-Feb-10 18-Feb-10 91,181.03

Feb-10 16-Mar-10 17-Mar-10 172,259.30

Mar-10 12-Apr-10 11-Apr-10 184,475.50

Apr-10 17-May-10 18-May-10 160,955.15

May-10 14-Jun-10 21-Jun-10 164,086.54

Jun-10 20-Jul-10 193,718.83

Kumasi Jan-08 25-Mar-08 28/3/08 86,344.24

Feb-08 25-Mar-08 28/3/08 51,442.17

Mar-08 28-Apr-08 30-Apr-08 39,855.48

Apr-08 16-May-08 19-May-08 46,081.99

May-08 9-Jun-08 11-Jun-08 40,118.06

Jun-08 14-Jul-08 17-Jul-08 42,472.46

Jul-08 27-Aug-08 28-Aug-08 47,778.67

Aug-08 15-Sep-08 17-Sep-08 48,541.46

Sep-08 16-Oct-08 20-Oct-08 41,298.95

Oct-08 10-Nov-08 12-Nov-08 40,825.84

Dec-08 21-Jan-09 23-Jan-09 22,308.08

Kumasi Jan-09 16-Feb-09 18-Feb-09 76,388.21

Feb-09 16-Mar-09 17-Mar-09 49,776.77

Apr-09 26-May-09 29-May-09 44,855.10

May-09 15-Jun-09 17-Jun-09 37,728.70

Jun-09 15-Jul-09 16-Jul-09 48,302.44

Jul-09 14-Aug-09 18-Aug-09 45,189.60

Aug-09 16-Aug-09 17-Sep-09 42,131.35

Oct-09 17-Nov-09 18-Nov 41,601.71

Dec-09 20-Jan-09 19-Jan-10 32,551.52

Kumasi Jan-10 16-Feb-10 18-Feb-10 96,564.42

Feb-10 16-Mar-10 17-Mar-10 136,727.60

Mar-10 12-Apr-10 14-Apr-10 163,242.50

Apr-10 13-May-10 18-May-10 139,105.05

May-10 17-Jun-10 21-Jun-10 138,481.15

TOTAL 9,685,618.97

TOLL BOOTH MONTHCOLLECTION

DATE

AMOUNT

BANKED

GH₵

DATE OF

PAYMENT

NO OF

WORKING

DAYS

AFIENYA FEB. 5th Feb. 2010 6,762.50 8th Feb. 2010 3 Days

6th Feb. 2010 6,049.50 " 2 Days

7th Feb. 2010 4,361.00 10th Feb. 2010 3 Days

8th Feb. 2010 4,797.00 " 2 Days

9th Feb. 2010 4,538.00 12th Feb. 2010 3 Days

11th Feb. 2010 4,258.00 15th Feb. 2010 4 Days

12th Feb. 2010 4,672.50 " 3 Days

14th Feb. 2010 4,242.50 18th Feb. 2010 4 Days

15th Feb. 2010 4,487.50 " 3 Days

16th Feb. 2010 4,208.50 " 2 Days

MARCH 8th March 2010 5,494.00 12th March 2010 4 Days

9th March 2010 5,051.00 " 3 Days

10th March 2010 5,310.00 " 2 Days

APRIL 1st April 2010 6,384.00 6th April 2010 5 Days

" 2nd April 2010 5,759.00 " 4 Days

" 3rd April 2010 5,613.00 " 3 Days

JUNE 2nd June 2010 4,926.00 7th June 2010 5 Days

" 3rd June 2010 4,945.00 " 4 Days

BEPOSO JANUARY 12th Jan. 2010 406.26 19th Jan. 2010 7 Days

13th Jan. 2010 384.17 " 6 Days

14th Jan. 2010 309.02 " 5 Days

15th Jan. 2010 418.96 " 4 Days

16th Jna. 2010 393.97 " 3 Days

17th Jna. 2010 298.59 " 2 Days

18th Jan. 2010

19th Jan. 2010 404.75 26th Jan. 2010 6 Days

20th Jan. 2010 364.89 " 5Days

21st Jan. 2010 365.20 " 4 Days

22nd Jan. 2010 423.12 " 3 Days

23rd Jan. 2010 372.09 " 2 Days

ROAD TOLL BELATED PAYMENT

APPENDIX 2

BEPOSO MARCH 31st March 2010 9,972.20 8th April 2010 6Days

APRIL 1st April 2010 4,261.20 " 5Days

" 2nd April 2010 9,457.50 " 4 Days

" 3rd April 2010 2,742.50 " 4 Days

" 4th April 2010 1,915.00 " 4 Days

" 5th April 2010 3,134.00 " 3Days

" 6th April 2010 3,315.00 " 2 Days

TABRE FEB 1st Feb. 2010 2,884.50 3rd Feb. 2010 2 Days

4th Feb. 2010 3,163.70 8th Feb. 2010 2 Days

5th Feb. 2010 3,322.00 " 1 Day

6th Feb. 2010 3,254.30 " 1Day

12th Feb. 2010 3,377.85 15th Feb. 2010 1 Day

13th Feb. 2010 3,408.45 " 1 Day

19th Feb. 2010 3,279.65 23rd Feb. 2010 2 Days

20th Feb. 2010 3,180.00 " 2 Days

21st Feb. 2010 2,854.80 " 2 Days

26th Feb. 2010 3,250.70 1st March 2010 1 Day

27th Feb. 2010 3,383.75 2nd March 2010 2 Days

28th Feb. 2010 2,861.45 3rd March 2010 3 Days

MARCH 1st March 2010 2,943.85 " 2 Days

APRIL 1st April 2010 3,161.50 6th April 2010 3 Days

MAY 3rd May 2010 2,716.00 5th May 2010 2 Days

5th May 2010 2,717.50 7th May 2010 2 Days

10th May 2010 2,843.20 12th May 2010 2Days

12th May 2010 2,824.20 14th May 2010 2 Days

17th May 2010 2,716.80 20th May 2010 3 Days

TABRE MAY 18th May 2010 2,855.20 20th May 2010 2 Days

" 20th May 2010 2,718.90 24th May 2010 2 Days

24th May 2010 2,696.50 26th May 2010 2 Days

26th May 2010 2,631.50 28th May 2010 2 Days

29th May 2010 2,977.30 " 1 |Day

JUNE 1st June 2010 2,694.00 4th June 2010 3 Days

2nd June 2010 2,578.90 " 2 Days

9th June 2010 2,424.00 11th June 2010 2 Days



30th June 2010 2,449.10 2nd July 2010 2 Days

KYEREMFASO FEB 1st Feb. 2010 1,680.10 6th Feb. 2010 5 Days

2nd Feb. 2010 1,029.75 " 4 Days

3rd Feb. 2010 1,043.30 " 2Days

4th Feb. 2010 1,012.80 " 1 Day

8th Feb. 2010 1,673.80 12th Feb. 2010 4 Days

9th Feb. 2010 1,043.50 " 3 Days

10th Feb. 2010 1,195.10 " 2 Days

15th Feb. 2010 1,708.00 17th Feb. 2010 2 Days

17th Feb. 2010 1,100.90 19th Feb. 2010 2 Days

22nd Feb. 2010 1,673.60 24th Feb. 2010 2 Days

24th Feb . 2010 1,130.90 27th Feb. 2010 2 Days

25th Feb. 2010 1,070.50 " 1 Day

MARCH 1st March 2010 1,673.20 5th March 2010 4 Days

2nd March 2010 1,071.70 " 3 Days

3rd March 2010 1,114.60 " 2 Days

KYEREMFASO MARCH 8th March 2010 1,727.50 12th March 2010 4 |Days

9th March 2010 1,031.70 " 3 Days

10th March 2010 1,122.50 " 2 Days

16th March 2010 1,003.40 19th March 2010 3 Days

17th March 2010 1,114.10 " 2 Days

22nd March 2010 1,656.90 26th March 2010 4 |Days

23rd March 2010 1,017.00 " 3 Days

24th March 2010 1,074.50 " 2 Days

26th March 2010 1,089.70 2nd April 2010 5 Days

28th March 2010 1,243.40 " 5 Days

29th March 2010 1,642.50 " 4 Days

30th March 2010 1,035.70 " 3 Days

31st March 2010 1,175.70 " 2 Days

APRIL 4th April 2010 909.30 8th April 2010 4 Days

5th April 2010 1,455.60 " 3 Days

6th April 2010 1,053.60 " 2 Days

12th April 2010 1,688.30 16th April 2010 4 Days

13th April 2010 1,152.00 " 3 Days

14th April 2010 1,175.80 " 2 |Days


20th April 2010 982.90 " 3 Days

21st April 2010 1,169.20 " 2 Days

22nd April 2010 1,170.40 " 1 Day

26th April 2010 1,777.00 3rd May 2010 5 Days

27th April 2010 1,241.50 " 4 Days

28th April 2010 1,218.80 " 3 Days

29th April 2010 1,121.10 " 2 Days

30th April 2010 1,123.50 " 1 Day

MAY 3rd May 2010 1,741.80 11th May 2010 6 Days

4th May 2010 1,159.90 " 5 Days

KYEREMFASO MAY 5th May 2010 1,113.50 11th May 2010 4 Days

6th May 2010 1,092.50 " 3 Days

11th May 2010 1,161.80 19th May 2010 6 Days

12th May 2010 1,137.20 " 5 Days

13th May 2010 1,066.10 " 4 Days

19th May 2010 1,134.50 25th May 2010 4 Days

20th May 2010 1,042.00 " 3 Days

24th May 2010 1,672.50 " 1 Day

25th May 2010 998.10 " 1 Day

26th May 2010 1,161.10 "

27th May 2010 1,114.30 1st June 2010 3 Days

1st June 2010 1,016.60 5th June 2010 4 Days

2nd June 2010 1,097.60 " 3 Days

3rd June 2010 951.90 " 2 Days


8th June 2010 986.20 " 3 Days

9th June 2010 1,095.10 " 2 Days

10th June 2010 1,013.50 " 1 Day


15th June 2010 1,019.20 " 2 Days

16th June 2010 1,159.50 " 1 Day

17th June 2010 1,021.20 21st June 2010 2 Days


22nd June 2010 990.70 " 2 Days

28th June 2010 1,628.10 2nd July 2010 4 Days

29th June 2010 1,077.60 " 3 Days

30th June 2010 1,160.00 " 2 Days

ABOASO APRIL 1st April 2010 5,002.30 6th April 2010 4 Days


MAY 5th May 2010 3,987.30 7th May 2010 2 Days

18th May 2010 4,293.40 20th May 2010 2 Days

24th May 2010 4,676.40 26th May 2010 2 Days

JUNE 1st June 2010 4,409.00 3rd June 2010 2 Days

ADIEMBRA FEB 1st Feb. 2010 1,783.00 3rd Feb. 2010 2 Days

3rd Feb. 2010 1,569.00 6th Feb. 2010 2 Days

4th Feb. 2010 1,655.10 " 1Day

8th Feb. 2010 1,864.30 10th Feb. 2010 2 Days

10th Feb. 2010 1,645.80 13th Feb. 2010 2 Days

11th Feb. 2010 1,662.50 " 1 Day

15th Feb. 2010 1,803.80 19th Feb. 2010 4 Days

16th Feb. 2010 1,632.50 " 3 Days

17th Feb. 2010 1,287.70 " 2 Days

22nd Feb. 2010 1,632.40 25th Feb. 2010 3 Days

23rd Feb. 2010 1,680.00 " 2 Days

MARCH 1st March 2010 1,823.00 4th March 2010 3 Days

2nd March 2010 1,753.70 " 2 Days



9th March 2010 1,568.10 " 4 Days

10th March 2010 1,560.70 " 3 Days

11th March 2010 1,499.90 " 2 Days



22nd March 2010 1,543.50 25th March 2010 3 Days

23rd March 2010 1,549.60 " 2 D|ays

29th March 2010 1,485.30 31st March 2010 2 Days

ADIEMBRA APRIL 5th April 2010 1,373.10 12th April 2010 5 Days

6th April 2010 1,580.70 " 4 Days

7th April 2010 1,533.90 " 3 Days

8th April 2010 1,550.90 " 2 Days'


13th April 2010 1,667.40 " 4 Days

14th April 2010 1,507.80 " 3 Days

15th April 2010 1,559.50 " 2 Days'


20th April 2010 1,578.00 " 4 Days

21st April 2010 1,556.70 " 3 Days

22nd April 2010 1,644.80 " 2 Days'


27th April 2010 1,552.30 " 3 Days

28th April 2010 1,489.70 " 2 Days'

MAY 2nd May 2010 1,025.20 10th May 2010 6 Days

3rd May 2010 1,592.40 " 5 Days

4th May 2010 1,604.40 " 4 Days

5th May 2010 1,624.10 " 3 Days

6th May 2010 1,518.10 " 2 Days

10th May 2010 1,639.50 17th May 2010 5 Days

11th May 2010 1,790.90 " 4 Days

12th May 2010 1,652.10 " 3 Days

13th May 2010 1,582.30 " 2 Days

17th May 2010 1,672.00 24th May 2010 5 Days

18th May 2010 1,791.30 " 4 Days

19th May 2010 1,494.90 " 3Days

20th May 2010 1,571.20 " 2 Days

24th May 2010 1,663.00 31st May 2010 4 Days

25th May 2010 1,614.30 " 3 Days

ADIEMBRA MAY 26th May 2010 1,550.50 31st May 2010 2 Days

27th May 2010 1,479.80 " 1 Days

JUNE 1st June 2010 1,622.80 7th June 2010 4 Days

2nd June 2010 1,531.00 " 3 Days

3rd June 2010 1,557.20 " 2 Days


8th June 2010 1,565.90 " 4 Days

9th June 2010 1,486.30 " 3 Days

10th June 2010 1,504.20 " 2 Days

14th June 2010 1,613.00 21st June 2010 5 Days

15th June 2010 1,501.30 " 4 Days

16th June 2010 1,416.30 " 3 Days

17th June 2010 1,440.30 " 2 Days


22nd June 2010 1,597.40 " 6 Days

23rd June 2010 1,383.10 " 5 Days

24th June 2010 1,385.50 " 4 Days

28th June 2010 1,557.70 " 2 Days

TOTAL 445,124.27

DATE

(RECEIVED AT

ROAD FUND)

ISSUE VOUCHER

NO (VOUCHER

RECEIVED

FROM CAGD)

ROAD FUND

OFFICER WHO

RECEIVED THE

TICKETS

SERIAL NUMBER

QUAN-

TITY

(ROLLS)

DENO-

MINATIO

N GH₵

VALUE

14/1/10 B03/10 SETH ESSON P900001 - 1000000 100 0.5 50,000.00

29/1/10 B06/ 10 AUGUSTIN AMOO 000001 - 1000000 1,000 0.5 500,000.00

3/2/2010 B07/10 AUGUSTIN AMOO A 000001 - 200000 200 0.5 100,000.00

8/2/2010 B08/10 AUGUSTIN AMOO A 200001 - 1000000 800 0.5 400000

17/2/10 B09/10 AUGUSTIN AMOO B 000001 - 1000000 1,000 0.5 500,000.00

5/3/2010 B 13/10 SETH ESSON C 000001 - 500000 500 0.5 250,000.00

19/1/10 B 09/10 AUGUSTIN AMOO 000001 – 1000000 1,000 0.8 800,000.00

29/1/10 B06/10 AUGUSTIN AMOO 000001- 500000 500 1 500,000.00

3/2/2010 B07/10 AUGUSTIN AMOO 500001 – 800000 300 1 300,000.00

8/2/2010 B08/10 AUGUSTIN AMOO 800001 – 1000000 200 1 200,000.00

29/1/10 B06/10 AUGUSTIN AMOO A 000001 - 500000 500 1.5 750,000.00

8/2/2010 B08/10 AUGUSTIN AMOO A 500001- 1000000 500 1.5 750,000.00

8/2/2010 B08/10 AUGUSTIN AMOO B 800001 - 1000000 200 1.5 300,000.00

29/1/10 B06/10 AUGUSTIN AMOO 150001 - 200000 50 2 100,000.00

29/1/10 B06/10 AUGUSTIN AMOO 060001 -100000 40 2 80,000.00

3/2/2010 B06/10 AUGUSTIN AMOO 000001 -060000 60 2 120,000.00

-do- -do- AUGUSTIN AMOO 100001 - 150000 50 2 100,000.00

-do- -do- AUGUSTIN AMOO 200001 - 400000 200 2 400,000.00

17/2/10 B09/10 AUGUSTIN AMOO 400001 - 1000000 600 2 1,200,000.00

3/2/2010 B07/10 AUGUSTIN AMOO 000001 - 200000 200 2.5 500,000.00

17/2/10 B09/10 AUGUSTIN AMOO 200001 - 1000000 800 2.5 2,000,000.00

3/2/2010 B07/10 AUGUSTIN AMOO 000001 - 800000 800 0.13 104,000.00

TOTAL 10,004,000.00

TICKETS UNACCOUNTED FOR

APPENDIX 3

TOLL BOOTH MONTHPERIOD OF

COLLECTION

AMOUNT

COLLECTED

AMOUNT

BANKED

DATE OF PAY-

MENTDIFFERENCE ANALYSIS

ABOASO Feb. 2010 1st Feb. 2010 4,391.50 2,260.00 2nd Feb. 2010 2,131.50 2,131.50

" 2nd Feb. 2010 4,063.10 3,497.00 3rd Feb. 2010 566.10 566.10

" 5th - 7th Feb. 2010 12,032.40 9,808.00 8th Fe. 2010 2,224.40 2,224.40

20,487.00 15,565.00 4,922.00

March. 2010 1st - Mar. 2010 4,303.30 2,135.00 2nd Mar. 2010 2,168.30 2,168.30

" 5th - 8th Mar. 2010 17,156.30 9,080.00 9th March 2010 8,076.30 8,076.30

" 26th - 28th Mar. 2010 13,224.70 10,815.70 29th Mar. 2010 2,409.00 2,409.00

34,684.30 22,030.70 12,653.60

April. 2010 1st - 5th April 2010 21,523.50 18,176.20 6th April 2010 3,347.30 3,347.30

" 6th - 7th April 2010 8,306.60 7,795.50 8th April 2010 511.10 511.10


43,989.70 40,021.90 3967.80

May. 2010 1st - 3rd May 2010 11,248.70 8,597.30 4th May 2010 2,651.40 2,651.40

" 7th - 9th May 2010 13,258.80 12,585.00 10th May 2010 674 674

" 10th May 2010 4,480.80 4,065.00 11th May 2010 415 415

" 12th May 2010 4,353.20 3,808.00 13th May 2010 545.2 545.2

" 17th May 2010 4,613.20 3,310.00 15th May 2010 1,303.20 1,303.20

" 24th - 25th May 2010 8,714.10 8,524.00 26th May 2010 190.5 190.5

" 28th - 30th May 2010 13,846.00 10,607.00 31st May 2010 3,239.00 3,239.00

60,514.80 51,496.30 9,018.10

June. 2010 1st - 2nd June 2010 8,617.00 2,458.00 3rd June 2010 6,159.00 6,159.00

" 3rd June 2010 4,396.50 3,926.00 4th June 2010 469.5 469.5

" 4th - 6th June 2010 13,813.50 13,070.00 7th June 2010 743.5 743.5

" 8th June 2010 4,168.60 2,825.00 9th June 2010 1,343.60 1,343.60

" 15th June 2010 4,224.70 3,198.00 16th June 2010 306.70 306.70

" 16th June 2010 4,178.80 3,533.00 17th June 2010 645.80 645.80

" 17th June 2010 4,197.50 3,940.00 18th June 2010 257.50 257.50

" 18th June 2010 13,466.70 9,385.00 21st June 2010 4,087.70 4,087.70

" 23rd June 2010 4,143.10 3,958.00 24th June 2010 186.10 186.10

61,206.40 46,293.00 14199.40

FIAPRE 1st Feb. 2010 1st Feb. 2010 2,621.50 1,402.00 2nd Feb. 2010 1,219.50 1,219.50

" 2nd Feb. 2010 2,400.00 1,349.00 3rd Feb. 2010 1,051.00 1,051.00

" 3rd Feb. 2010 2,781.50 2,098.00 4th Feb. 2010 683.500 683.500

" 5th - 7th Feb. 2010 7,644.00 5,905.00 8th Feb. 2010 1,739.00 1,739.00

8th Feb. 2010 2,677.50 2,513.00 9th Feb. 2010 164.500 164.500

9th Feb. 2010 2,463.50 2,343.00 10th Feb. 2010 120.00 120.00

FIAPRE Feb. 2010 12th - 14th Feb. 2010 7,649.00 6,255.00 15th Feb. 2010 1,394.00 1,394.00

" 18th Feb. 2010 2,525.00 2,255.00 19th Feb. 2010 270.00 270.00

" 24th Feb. 2010 2,766.50 1,999.00 25th Feb. 2010 775.50 775.50

33,528.50 26,119.00 7417.00

May 2010 31st May 2010 2,464.50 1,990.00 1st June 2010 474.50 474.50

June. 2010 1st June 2010 2,325.50 1,661.00 2nd June 2010 664.50 664.50

" 2nd June 2010 2,880.00 1,785.00 3rd June 2010 109.50 109.50

" 7th Junde 2010 2,419.30 2,106.00 8th June 2010 313.30 313.30

8th June 2010 2,286.40 1,995.00 9th June 2010 291.40 291.40

9th June 2010 2,534.70 2,152.00 10th June 2010 382.00 382.00

14,910.40 11,689.00 1760.70

BECHEM April 9th - 11th April 2010 4,637.50 2,860.00 12th April 2010 1,777.00 1,777.00

" 16th - 18th April 2010 4,336.50 3,870.00 19th Apeil 2010 466.00 466.00

" 19th April 2010 1,364.00 1,155.00 20th April 2010 209.00 209.00

" 23rd - 25th April 2010 4,336.00 3,090.00 26th April 2010 1,246.00 1,246.00

" 27th April 2010 1,339.00 1,060.00 28th April 2010 279.00 279.00

APPENDIX 4

ROAD TOLLS UNDER PAYMENTS

16,013.00 12,035.00 3977.00

April/May 30th Apr. 1-5 May '10 6,982.00 1,723.00 5th May 2010 5,259.00 5,259.00

May 7th - 9th May 2010 4,925.00 4,670.00 10th May 2010 256.00 256.00

" 12th - 13th May 2010 2,343.50 2,180.00 14th May 2010 663.50 663.50

" 14th - 16th May 2010 4,284.00 4,145.00 17th May 2010 139.00 139.00

" 17th - 18th May 2010 2,564.50 2,067.00 19th May 2010 497.00 497.00

" 20th - 23rd May 2010 5,323.00 4,674.00 24th May 2010 649.00 649.00

26,422.00 19,459.00 7463.50

June 1st - 2nd June 2010 2,863.80 2,135.00 3rd June 2010 728.80 728.80

4th - 6th June 2010 4,547.60 4,215.00 7th June 2010 332.60 332.60

11th - 13th June 2010 4,070.30 3,845.00 14th June 2010 225.30 225.30

18th - 20th June 2010 4,165.00 4,007.00 21st June 2010 158.00 158.00

21st June 2010 1,248.50 635 22nd June 2010 613.50 613.50

29th June 2010 1,286.70 1,505.00 30th June 2010 218.30 218.30

18,181.90 16,342.00 2276.50

KYEREMFASO May. 2010 1st - 10th May 2010 12,646.00 11,531.60 11th May 2010 1,114.40 1,114.40

" 11th - 20th May 2010 11,620.60 10,605.00 21st May 2010 1,015.60 1,015.60

24,266.60 22,136.60 2,130.00

June. 2010 2nd - 7th June 2010 7,032.00 6,118.00 8th June 2010 914.00 914.00

17th -20th June 2010 4,203.90 3,954.40 21st June 2010 249.50 249.50

21st - 23rd June 2010 3,728.00 3,572.60 24th June 2010 156.30 156.30

KYEREMFASO June. 2010 24th - 27th June 2010 4,670.60 4,046.50 28th june 2010 624.10 624.10

19,634.50 17,691.50 1943.90

TABERE Feb. 2010 3rd Feb. 2010 3,013.00 1,190.00 4th Feb. 2010 1,823.00 1,823.00

8th Feb. 2010 2,905.00 1,443.00 9th Feb. 2010 1,462.00 1,462.00

12th - 15th Feb. 2010 9,817.30 9,185.00 15th Feb. 2010 632.50 632.50

19th - 22nd Feb. 2010 12,244.00 11,042.00 23rd Feb. 2010 1,202.00 1,202.00

27,979.30 22,860.00 5,119.50

March. 2010 1st -2nd Mar. 2010 6,030.75 1,500.00 3rd Mar. 2010 4,530.75 4,530.75

4th March 2010 3,010.20 2,367.00 5th March 2010 143.20 143.20

5th -8th March 2010 12,226.40 11,459.00 9th March 2010 767.40 767.40

16th March 2010 2,936.40 2,239.00 17th March 2010 697.40 697.40

18th March 2010 2,806.90 2,622.00 19th March 2010 184.90 184.90

19th - 22nd Mar. 2010 11,684.65 11,168.00 23rd March 2010 516.65 516.65

25th March 2010 2,816.50 2,618.00 26th March 2010 198.50 198.50

41,511.80 33,973.00 7,038.80

April. 2010 1st - 5th April 2010 13,174.75 7,845.00 6th April 2010 5,330.55 5,330.55

7th April 2010 2,870.10 2,717.00 8th April 2010 153.10 153.10

9th - 11th April 2010 9,155.20 8,993.00 12th April 2010 162.20 162.20

16th - 19th April 2010 11,712.40 10,822.00 20th April 2010 890.40 890.40

21st April 2010 2,707.30 2,508.00 22nd April 2010 199.30 199.30

28th April 2010 2,748.00 2,416.00 29th April 2010 332.00 332.00

42,367.75 35,301.00 7,067.55

May. 2010 1st - 4th May 2010 10,941.40 5,201.10 5th May 2010 5,740.30 5,740.30

June. 2010 1st - 3rd June 2010 7,847.00 4,662.90 4th June 2010 3,184.10 3,184.10

" 11th - 13th June 2010 7,588.90 6,019.10 14th June 2010 1,569.80 1,569.80

" 15th - 16th June 2010 4,862.20 4,286.00 17th June 2010 576.20 576.20

" 17th June 2010 2,407.10 1,688.00 18th June 2010 719.10 719.10

" 24th - 28th June 2010 13,071.20 12,365.00 29th June 2010 706.20 706.20

46,717.80 34,222.10 6,755.40

BEPOSO Jan. - Feb. 2010 26th Jan.-2nd Feb. 2010 10,747.98 5,944.48 3rd Feb. 2010 4,803.50 4,803.50

Feb. 2010 3rd Feb - 4th Feb. 2010 7,168.00 6,986.00 5th Feb. 2010 182.00 182.00

" 5th - 8th Feb. 2010 14,995.50 11,760.00 9th Feb. 2010 3,235.50 3,235.50

" 10th - 11th Feb. 2010 13,684.50 7,172.00 12th Feb. 2010 6,512.50 6,512.50

" 12th - 16th Feb. 2010 14,823.95 11,086.00 17th Feb. 2010 3,737.95 3,737.95

" 19th - 21st Feb. 2010 10,451.00 10,346.00 22nd Feb. 2010 105.00 105.00

" 26th Feb. - 2nd Mar. 2010 17,812.00 14,417.00 3rd March 2010 3,395.00 3,395.00

89,682.93 67,711.48 21,971.45

BEPOSO MARCH. 2010 3rd - 4th Mar. 2010 7,512.15 5,584.00 5th Mar. 2010 1,928.15 1,928.15

" 5th - 8th Mar. 2010 17,296.08 10,922.00 9th Mar. 2010 3,374.08 3,374.08

" 19th - 21st Mar. 2010 10,420.45 10,195.00 22nd Mar. 2010 225.45 225.45

35,228.68 26,701.00 5,527.68

March/April 201031st Mar. - 7th Apr. 2010 25,525.60 7,206.00 8th April 2010 18,319.60 18,319.60

APRIL 20th - 22nd April 2010 9,738.55 9,406.00 23rd April 2010 332.55 332.55

" 23rd - 26th April 2010 12,811.60 9,971.00 27th April 2010 2,840.60 2,840.60

48,075.75 26,583.00 21,492.75

APRIL/MAY 30th Apr. - 3rd May 2010 14,516.10 8,733.00 4th May 2010 5,783.10 5,783.10

MAY 4th - 6th May 2010 10,053.75 9,601.00 7th May 2010 452.75 452.75

" 7th - 10th May 2010 14,657.00 13,170.00 11th May 2010 1,437.00 1,437.00

39,226.85 31,504.00 7,672.85

AFIENYA JANUARY 1st - 8th Jan. 2010 4,023.23 2,870.92 9th Jan. 2010 1,152.31 1,152.31

" 15th - 25th Jan. 2010 6,043.80 3,872.00 26th Jan. 2010 2,171.80 2,171.80

10,067.03 6,742.92 3,324.11

FEBRUARY 11th - 13th Feb. 2010 14,776.50 14,677.00 15th Feb. 2010 995.00 995.00

" 17th - 23rd Feb. 2010 34,499.60 16,327.00 24th Feb. 2010 18,172.50 18,172.50

49,276.10 31,004.00 19,167.50

MARCH. 2010 2nd - 4th Mar. 2010 15,411.50 13,050.00 5th March 2010 2,361.50 2,361.50

" 5th - 7th Mar. 2010 16,784.50 16,600.00 9th March 2010 184.50 184.50

" 8th - 11th Mar. 2010 20,877.50 20,650.00 12th March 2010 227.50 227.50

" 13th - 15th Mar. 2010 20,736.50 19,300.00 16th March 2010 1,436.50 1,436.50

" 21st - 27th Mar. 2010 19,250.00 15,580.00 27th March 2010 3,670.00 3,670.00

" 25th - 26th Mar. 2010 11,680.00 10,060.00 27th March 2010 1,626.00 1,626.00

" 27th - 31st Mar. 2010 28,554.50 22,720.50 31st March 2010 5,834.50 5,834.50

133,294.50 117,960.50 15,340.50

APRIL. 2010 1st - 5th April 2010 28,191.50 16,521.00 6th April 2010 11,670.50 11,670.50


" 15th - 16th April 2010 10,337.00 9,820.00 17th April 2010 1,017.00 1,017.00

" 19th - 22nd Apr. 2010 20,512.00 16,500.00 23rd April 2010 4,012.00 4,012.00

" 28th - 29th April 2010 11,802.50 8,445.00 30th April 2010 3,357.00 3,357.00

81,177.00 60,656.00 21,020.50

MAY. 2010 3rd - 6th May 2010 23,115.00 17,600.00 7th May 2010 5,515.00 5,515.00

" 7th - 8th May 2010 13,392.50 12,245.00 9th May 2010 1,147.50 1,147.50

" 9th - 12th May 2010 21,828.00 17,405.00 13th May 2010 4,423.00 4,423.00

" 14th - 16th May 2010 20,975.50 17,565.00 17th May 2010 3,410.50 3,410.50

" 18th -20th May 2010 19,589.00 14,600.00 21st May 2010 4,989.00 4,989.00

" 22nd - 26th May 2010 24,941.50 16,500.00 27th May 2010 8,441.50 8,441.50

123,841.50 95,915.00 27,926.50

AFIENYA JUNE. 2010 2nd - 6th June 2010 26,693.50 15,630.00 7th June 2010 11,063.50 11,063.50

" 9th - 12th June 2010 20,149.50 11,069.00 13th June 2010 9,080.50 9,080.50

" 13th - 16th June 2010 17,445.50 14,480.00 17th June 2010 2,965.50 2,965.50

" 21st - 23rd June 2010 13,822.00 10,830.00 24th June 2010 2,992.00 2,992.00

" 25th - 27th June 2010 14,970.50 14,540.50 28th June 2010 430.00 430.00

93,081.00 66,549.50 26,531.50

TOTAL 273,900.89 273,900.89

TOLL ROAD CONTRACTORS AMOUNT GH₵

Kumasi Sunyani Tolls Oti Yeboah 142,760.56

Kumasi Mampong Tolls Seidu Mahama 106,650.00

Accra -Tema Motorway East Sedam Ventures 24,550.00

Accra - Tema Motorway Bet Buttco Co Ltd 5,422.89

Sunyani Dormaa Tolls Kappkon 42,323.25

Kumasi Mampong Tolls - 2 Tropic Oil 27,200.00

Kumasi Sunyani Tolls - 2 Lakayana Co Ltd 14,532.45

Tema Akosombo VAG 46,597.87

Ashiaman Motorway Sedam Ventures 8,750.00

Kumasi Mampong (Aboaso) McGeorge Ent 32,039.46

Kumasi Mampng (Kyeremfaso) McGeorge Ent 4,249.81

Soronuase Infrasracture Devt 22.106.21

Sogakope Bridge Prime Star 73,600.00

Adomi Bridge K. D. V. Lexico 24,250.00

Beposo Bridge Eva Asa Ltd 59,000.00

Beposo Bridge Abba Building Centre 30,000.00

Bamboi Bridge Alolo Brothers 9,050.00

Sogakope Bridge 2 Alolo Brothers 135,000.00

Kade Waraing Co Ltd 18,673.75

Adomi - 2 Enterprise Ivest 24,300.00

Ankobra Abba Building Centre 1,581.00

Dunkwa Top Target Co Ltd 3,100.00

TOTAL 833,631.04

APPENDIX 5

TOLL DEBT UNPAID

OM

CP

ER

IOD

OF

LIF

TIN

G

DE

CL

AR

AT

ION

NO

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AN

KB

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K

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CE

IPT

NO

PA

YM

EN

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DA

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TR

AN

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ER

DA

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TA

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PA

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ND

CO

MP

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EN

T

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1

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15

th D

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20

09

42

00

94

32

89

8/0

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OB

AN

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02

70

71

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01

04

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01

02

06

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1.6

41

15

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8.0

0

Sky P

et1

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15

th M

ar.

20

10

42

00

10

11

35

00

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CB

11

54

67

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01

01

3,3

24

.48

10

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4.0

0

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15

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20

10

42

01

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13

50

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74

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18

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00

94

20

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43

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20

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7/2

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ly 2

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94

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58

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94

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01

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01

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08

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02

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02

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01

02

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2.6

21

14

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4.0

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23

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8.3

91

17

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1st

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. 2

01

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20

10

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82

53

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76

91

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9.2

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8,6

02

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20

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01

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20

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01

04

20

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84

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80

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01

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20

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19

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16

3,8

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72

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4.0

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NA

SO

NA

1st

- 1

5th

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. 2

01

04

20

10

10

09

72

6/0

EC

OB

AN

K1

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20

10

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67

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55

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06

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43

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0.0

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20

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42

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00

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01

16

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7,8

58

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AL

INC

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0th

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t. 2

00

94

20

09

33

36

26

/0"

35

42

94

10

/20

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09

11

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00

91

39

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0.0

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4,5

20

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NA

SO

NA

16

th -

31

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ay 2

01

04

20

10

22

81

89

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CO

BA

NK

23

41

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6.4

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8,8

80

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42

01

02

28

18

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11

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48

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01

04

20

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26

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33

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0.0

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OA

ND

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ne

20

10

42

00

92

29

90

9/0

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B2

43

65

07

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8/1

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91

02

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2.9

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7,5

20

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01

04

20

10

19

44

89

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88

56

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06

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82

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20

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42

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12

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PE

ND

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TR

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SF

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CO

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20

10

42

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5th

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20

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GOVERNMENT

AGENCYLIFTING PERIOD PREM AGO

TOR 01-15 JAN 2009 58,500 38,250

ARMY 63,000 319,500

NAVY 13,500 -

POLICE 94,750 282,250

TOR 16-31 JAN 2009 54,000 40,500

ARMY 36,000 288,000

NAVY - -

POLICE 88,000 252,500

TOR 01-15 FEB 2009 51,750 36,000

ARMY 45,000 184,500

NAVY - -

POLICE 87,750 267,750

TOR 16-28 FEB 2009 49,500 40,500

ARMY 27,000 256,500

NAVY 13,500 175,500

POLICE 102,000 249,000

TOR 01-09 MAR 2009 38,250 24,750

ARMY 29,250 123,750

NAVY - 54,000

POLICE 37,500 151,500

TOR 10-15 MAR 2009 20,250 6,750

ARMY 27,000 103,500

POLICE 29,250 105,750

LIFTING OF PETROL AND DIESEL BY GOVERNMENT AGENCIES

UNPAID FOR

APPENDIX 9

TOR 16-31 MAR 2009 51,750 47,250

ARMY 40,500 274,500

NAVY - 13,500

POLICE 108,000 301,500

TOR 01-15 APR 2009 60,750 42,750

ARMY 72,000 364,500

NAVY - 13,500

POLICE 108,000 306,000

TOR 16-30 APR 2009 45,000 27,000

ARMY 31,500 216,000

NAVY - 54,000

POLICE 94,500 310,500

TOR 01-15 MAY 2009 69,750 24,750

ARMY 40,500 121,500

POLICE 87,750 137,250

TOR 16-31 MAY 2009 42,750 29,250

ARMY 15,750 236,250

NAVY - 112,500

POLICE 85,500 265,500

TOR 1-15 JUNE 2009 72,000 29,250

ARMY 27,000 216,000

POLICE 92,250 258,750

TOR 16- 30 JUNE 2009 65,250 18,000

ARMY 31,500 135,000

POLICE 40,500 135,000

TOR 01-15 JULY 2009 65,250 33,750

ARMY 67,500 166,500

NAVY - 67,500

POLICE 54,000 256,500

TOR 16-31 JULY 2009 36,000 15,750

ARMY 27,000 265,500

NAVY - 18,000

POLICE 13,500 148,500

TOR 01-15 AUG 2009 51,750 15,750

ARMY - 121,500

POLICE - 162,000

TOR 16-31 AUG 2009 45,000 18,000

ARMY - 81,000

NAVY - 27,000

POLICE 47,250 249,750

TOR 01-15 SEPT 2009 60,750 27,000

ARMY - 108,000

NAVY - 67,500

POLICE 36,000 139,500

TOR 16-30 SEPT 2009 49,500 22,500

ARMY 27,000 135,000

NAVY 13,500 202,500

POLICE 58,500 265,500

TOR 01-15 OCT 2009 60,750 22,500

ARMY - 256,500

POLICE 78,750 204,750

TOR 16-31 OCT 2009 40,500 18,000

ARMY - 94,500

POLICE 67,500 283,500

TOR 01-15 NOV 2009 49,500 18,000

ARMY 63,000 162,000

POLICE 13,500 216,000

TOR 16-30 NOV 2009 51,750 20,250

ARMY - 67,500

TOR 01-15 JAN 2010 54,000 27,000

ARMY 13,500 126,000

TOR 16-31 JAN 2010 45,000 11,250

ARMY 13,500 72,000

TOR 01-15 FEB 2010 54,000 20,250

ARMY - 58,500

TOR 16-28 FEB 2010 47,250 6,750

ARMY - 27,000

TOR 01- 15 MAR 2010 58,500 9,000

ARMY 13,500 166,500

TOR 16-31 MAR 2010 22,500 20,250

ARMY 27,000 72,000

TOR 01-15 APR 2010 65,250 15,750

ARMY - 171,000

TOR 16 -30 APR 2010 54,000 11,250

ARMY 13,500 81,000

TOR 01-15 MAY 2010 49,500 18,000

ARMY - 31,500

TOR 16-31 MAY 2010 18,000 9,000

ARMY 27,000 94,500

TOR 01-15-JUNE 2010 33,750 4,500

ARMY 13,500 76,500

TOR 16-30 JUNE 2010 47,250 22,500

ARMY 31,500 108,000

TOTAL 4,028,000 11,928,750

OMCLIFTING

PERIOD

RESCHEDULED

AMOUNT

PAYABLE

RESCHEDULED

AMOUNT

DATE OF

PAYMENT

BALANCE

OUTSTANDING

16-July 2008-15

OCT 2008 500,000.00 61,960.81 28/11/08

361,960.81 300,000.00 28/11/08

357,198.29 200,000.00 28/11/08

354,242.25 100,000.00 19/12/08

11,198.21 19/12/08

254,242.00 31/12/08

1,573,401.35 927,401.02 646,000.33

FRAGA OIL

16 July - 15 Dec

2009 200,000.00 100,000.00 24/12/09

210,356.16 100,000.00 22/1/10

202,958.90 100,000.00 2-May

203,156.16 100,000.00 23/4/10

50,000.00 14/5/10

50,000.00 4/6/2010

50,000.00 30/6/10

50,000.00 13/8/10

816,471.22 600,000.00 216,471.22

FRAGA OIL

16 Apr -15 July

2009 300,000.00 300,000.00 7/8/2009

243,432.96 200,000.00 4/8/2009

203,446.58 43,432.96 8/8/2009

201,419.18 46,445.58

201,419.18

948298.72 791,297.72 157,001.00

UNDERPAYMENT OF RESCHEDULED DEBT BY OMCs

APPENDIX 10

FRAGA OIL

16 July- 15 Dec

2009 200,000.00 100,000 24/12/09

210,356.16 100,000 22/1/10

202,958.90 100,000 2-May

203,156.16 100,000 23/4/10

50,000 14/5/10

50,000 4/6/2010

50,000 30/6/10

50,000 13/8/10

816,471.22 600,000 216,471.22

FRAGA OIL

16 Dec '09- 15

Apr 2010 202,958.90

205,178.08 50,000.00 4/6/2010

205,758.42 50,000.00 13/10/10

202,301.37

816,196.77 100,000.00 716,196.77

GLORY OIL

16 Sept-15 Nov

2009 211,176.99 52,794.25 5/2/2010

211,582.44 52,896.61 11/2/2010

207,246.44 51,811.61 18/2/10

1,862.90 2/3/2010

80,000.00 16/3/10

51,811.61 27/1/10

630,005.87 291,176.98 338,828.89

TOTAL 2,290,969.43

OMCLIFTING

PERIODAGO PREMIUM EXEMPTIONS

TOTAL

QUANTITY

R/F AMOUNT

GH₵

Fraga oil 16-30/4/09 877,500.00 591,750.00 1,469,250.00 88,155.00

1-15/5/09 851,250.00 560,250.00 1,411,500.00 84,690.00

16-31/5/09 1,009,500.00 625,500.00 1,635,000.00 98,100.00

1-15/6/09 245,250.00 810,750.00 1,056,000.00 63,360.00

16-30/6/09 519,750.00 532,500.00 1,052,250.00 63,135.00

1-15/7/09 924,750.00 794,250.00 1,719,000.00 103,140.00

Nasona oil 16-31/6/09 519,750.00 532,500.00 1,052,250.00 63,135.00

1-15/7/09 270,000.00 614,250.00 884,250.00 53,055.00

Fraga oil 16-31/7/09 - -

1-15/8/09 747,000.00 306,000.00 1,053,000.00 63,180.00

16-31/8/09 645,750.00 522,000.00 1,167,750.00 70,065.00

1-15/9/09 895,500.00 378,000.00 1,273,500.00 76,410.00

16-30/9/09 756,000.00 319,500.00 1,075,500.00 64,530.00

1-15/10/09 265,500.00 450,000.00 715,500.00 42,930.00

16-31/10/09 375,750.00 544,500.00 920,250.00 55,215.00

1-15/11/09 - -

16-30/11/09 549,000.00 564,750.00 1,113,750.00 66,825.00

1-15/12/09 - -

Fraga oil 1-15/01/08 621,000.00 603,900.00 1,224,900.00 73,494.00

16-31/01/08 509,400.00 389,250.00 898,650.00 53,919.00

1-15/2/08 507,050.00 436,500.00 943,550.00 56,613.00

16-28/2/08 485,650.00 452,250.00 937,900.00 56,274.00

1-15/3/08 331,650.00 292,500.00 624,150.00 37,449.00

Fraga oil 16-31/10/08 391,500.00 317,250.00 708,750.00 42,525.00

1-15/11/08 236,250.00 418,500.00 654,750.00 39,285.00

16-30/11/08 153,750.00 291,750.00 445,500.00 26,730.00

1-15/12/08 639,000.00 594,000.00 1,233,000.00 73,980.00

16-31/12/08 589,500.00 632,250.00 1,221,750.00 73,305.00

INSTALLMENT PAYMENT NOT ROUTED THROUGH THE GCNET

APPENDIX 11

Fraga oil 1-15/1/09 812,250.00 754,500.00 1,566,750.00 94,005.00

16-31/1/09 1,013,250.00 723,750.00 1,737,000.00 104,220.00

1-15/2/09 845,250.00 629,250.00 1,474,500.00 88,470.00

16-28/2/09 832,500.00 628,500.00 1,461,000.00 87,660.00

1-15/3/09 819,750.00 510,750.00 1,330,500.00 79,830.00

16-31/3/09 1,263,750.00 881,250.00 2,145,000.00 128,700.00

1-15/4/09 840,750.00 820,500.00 1,661,250.00 99,675.00

Fraga oil 16-31/3/08 391,050.00 216,000.00 607,050.00 36,423.00

1-15/4/08 460,900.00 589,500.00 1,050,400.00 63,024.00

16-30/4/08 445,050.00 301,500.00 746,550.00 44,793.00

1-15/5/08 341,900.00 389,250.00 731,150.00 43,869.00

16-30/5/08 521,900.00 375,750.00 897,650.00 53,859.00

1-15/6/08 387,900.00 333,000.00 720,900.00 43,254.00

Fraga oil 1-16/7/08 522,000.00 495,000.00 1,017,000.00 61,020.00

1-15/8/08 481,500.00 535,500.00 1,017,000.00 61,020.00

16-31/8/08 301,500.00 526,500.00 828,000.00 49,680.00

1-15/9/08 519,750.00 405,000.00 924,750.00 55,485.00

16-30/9/08 - -

1-15/10/08 198,000.00 459,000.00 657,000.00 39,420.00

Fraga oil 16-31/12/09 - -

1-15/1/10 369,000.00 339,750.00 708,750.00 42,525.00

16-31/1/10 659,250.00 544,500.00 1,203,750.00 72,225.00

1-15/2/10 567,000.00 483,750.00 1,050,750.00 63,045.00

16-28/2/10 486,000.00 450,000.00 936,000.00 56,160.00

1-15/3/10 558,000.00 522,000.00 1,080,000.00 64,800.00

16-31/3/10 729,000.00 787,500.00 1,516,500.00 90,990.00

1-15/4/10 414,000.00 562,500.00 976,500.00 58,590.00

Star Oil 1-15/11/09 1,917,900.00 1,558,500.00 162,000.00 3,314,400.00 198,864.00

16-30/11/09 1,513,800.00 1,669,500.00 54,000.00 3,129,300.00 187,758.00

1-15/12/09 - -

16-31/12/09 - -

Glory Oil 16-30/9/09 886,500.00 630,000.00 1,516,500.00 90,990.00

1-15/10/09 1,017,000.00 625,500.00 1,642,500.00 98,550.00

16-31/10/09 724,500.00 882,000.00 1,606,500.00 96,390.00

1-15/11/09 409,500.00 441,000.00 850,500.00 51,030.00

Nasona oil 1-15/5/09 459,000.00 983,250.00 1,442,250.00 86,535.00

16-31/5/09 474,000.00 432,000.00 906,000.00 54,360.00

Nasona oil 1-15/4/09 453,000.00 1,151,250.00 1,604,250.00 96,255.00

16-30/4/09 768,000.00 1,020,000.00 1,788,000.00 107,280.00

Nasona oil 16-31/10/08 207,900.00 252,000.00 459,900.00 27,594.00

1-15/11/08 78,750.00 376,650.00 455,400.00 27,324.00

4,395,171.00

Mission Statement The Ghana Audit Service exists

To promote

· good governance in the areas of transparency,

accountability and probity in the public financial

management system of Ghana

By auditing

· to recognized international auditing standards the

management of public resources

And

· reporting to Parliament

special audit report of the auditor general on thecover.pdfemmanuel ofori-mensah, derick omane...

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