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Chamber for Bulk Oil Distributors (CBOD), Ghana

7 Banks withdraw support for oil imports

Seven out of the 10 key banks which finance oil transactions have pulled out from the pre-financing arrangement they have with the bulk oil distribution companies (BDCs), a situation likely to worsen the challenges confronting the petroleum industry. Their pullout is as a result of the government’s huge indebtedness to the BDCs. The BDCs are […]