{"id":607549,"date":"2019-04-13T11:22:37","date_gmt":"2019-04-13T11:22:37","guid":{"rendered":"
\n

Business News of Saturday, 13 April 2019<\/p>\n

Source: <\/strong>ghananewsagency.org<\/p>\n2019-04-13\n\n

\n

<\/p>\n

\n

Business News of Saturday, 13 April 2019<\/p>\n

Source: <\/strong>ghananewsagency.org<\/p>\n

2019-04-13<\/p>\n

\n

\"KwameEnergy Consultant, Kwame Kessie<\/span><\/span><\/p>\n<\/div>\n

Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members.<\/p>\n

Mr Kessie who is the Managing Director of Mocoh Ghana Limited called for amalgamation of Oil Marketing Companies (OMCs) to create space for growth and health environment for national development.<\/p>\n

He called for merger especially among indigenous OMCs, which will strengthen their operational base and profitability as well as build their capacity to compete favourable with the multi-nationals.<\/p>\n

Mr Kessie told the Ghana News Agency in an interview in Accra that, the energy sector was capital intensive, with diverse security implications; \u201cit is dangerous for any nation to allow multi-nationals to dominate the sector\u201d.<\/p>\n

He said with the current surge for setting up OMCs with its attendant citing up of Filling Stations, it will be difficult for \u201cour smaller OMCs to make meaningful impact. Some even operate only one Filling Stations whilst others have only registered with the regulator, but without any presence on the grounds\u201d.<\/p>\n

The Mocoh Ghana MD explained that properly managed OMC field would create huge employment opportunities in the country and also inject healthy competition, that would work to the benefit of all.<\/p>\n

\u201cMonies generated from the sector will remain in the country, our local currency will be strengthened as funds will not be repatriated to any third country,\u201d he said.<\/p>\n

He said, Mocoh Ghana Limited which is a supply and trading company with a focus on Africa recently acquired 100 per cent shares of Engen Ghana Limited to bring to the local market services of world class logistical team who understands the complexities of the markets.<\/p>\n

He said Engen Ghana under its new management through Mocoh would inject in the Ghanaian downstream sector industry dynamism to help customers find the right solutions to ever changing market conditions.<\/p>\n

\u201cWe have an unrivalled expertise and a wide network of relationships across the continent, which we are bringing onboard to transform Engen Ghana for the the motoring public,\u201d Mr Kessie stated.<\/p>\n

He said the transaction agreement was signed between Engen Holdings (Pty) Limited and Mocoh Ghana Limited on March 1, 2019. <\/p>\n

According to the agreement, Mocoh Ghana an affiliate of Reston Energy, a Ghanaian petroleum company would hold 55 per cent and the Mocoh Group 45 per cent shares. <\/p>\n

The Mocoh Group, headquartered in Geneva Switzerland, has been operating in Africa for 21 years and is actively involved in the trading, logistics and the distribution of petroleum products across the continent. <\/p>\n

Mr Kessie said Mocoh\u2019s operations spread far beyond Africa to encompass a global business connecting markets in Europe, the Americas and Asia; \u201cwe have successfully navigated global financial crises and energy market volatility and we trade in some of the most complex markets in the world\u201d.<\/p>\n

He assured Engen Ghana staffs and management that, there would not be any retrenchment, but rather existing staff capacity would be built whilst roping others to fill any operational gaps.<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business News of Saturday, 13 April 2019 Source: ghananewsagency.org 2019-04-13 Energy Consultant, Kwame Kessie Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members. Mr Kessie who is […]<\/p>\n","protected":false},"author":1,"featured_media":607550,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-607549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGhanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ghanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Saturday, 13 April 2019 Source: ghananewsagency.org 2019-04-13 Energy Consultant, Kwame Kessie Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members. Mr Kessie who is […]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Ghanaian Oil Marketing Company field choked – Energy Expert\",\"datePublished\":\"2019-04-13T11:22:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/\"},\"wordCount\":523,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/\",\"name\":\"Ghanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-04-13T11:22:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/13\\\/ghanaian-oil-marketing-company-field-choked-energy-expert\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ghanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/","twitter_card":"summary_large_image","twitter_title":"Ghanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com","twitter_description":"Business News of Saturday, 13 April 2019 Source: ghananewsagency.org 2019-04-13 Energy Consultant, Kwame Kessie Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members. Mr Kessie who is […]","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Written by":"Ghana News","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"Ghanaian Oil Marketing Company field choked – Energy Expert","datePublished":"2019-04-13T11:22:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/"},"wordCount":523,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/","url":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/","name":"Ghanaian Oil Marketing Company field choked - Energy Expert - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#primaryimage"},"thumbnailUrl":"","datePublished":"2019-04-13T11:22:37+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2019\/04\/13\/ghanaian-oil-marketing-company-field-choked-energy-expert\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2019\/#website","url":"https:\/\/www.ghanamma.com\/2019\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2019\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"}}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/607549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/comments?post=607549"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/607549\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/media?parent=607549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/categories?post=607549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/tags?post=607549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}