Tanker Owners Assoc Elect New Executives

The Tanker Owners Association have elected new executives to man the affairs of the association at a meeting held in Tema. The election saw Mr. James Ahiadomi (aka Majaro) emerging as the newly elected President of the Association while Lawrence Frimpong (aka Living Waters) was elected at the Vice President of the Association. Mr. Robert Martey and Mr. Yaw Frimpong were elected as Heads of the Southern Sector and Northern Sector respectively. Speaking after the election, the newly elected President, Mr. Ahiadomi promised to ensure that disputes that arise with tanker drivers and other players in the sector are quickly and promptly resolved so as to ensure that strike actions which disrupt fuel supplies become a thing of the past. Mr. Ahiadomi pledged the leadership’s commitment to ensuring constant supply of fuel across the country at all times. Mr. Ahiadomi stated that the biggest concern for the Tanker Owners currently had to do with the depreciation of the Cedi against the major trading currencies. He explained that depreciation of the cedi had resulted in a situation where the cost of the cars, spare parts, tyres and operating costs generally had increased astronomically and keep increasing by the day which had made it difficult for the business. The new President urged stakeholders to find and lasting solutions to the depreciation of the cedi so as to see a growth in business. Mr. James Ahiadomi also expressed concern about the margins that are paid the Tankers for lifting the fuel. He explained that for some time, there had been no increase in the margins, even though the cost of operation had significantly increased and suggested that there was a need for negotiations on the margins.