GhIPCON 2024: Take advantage of AfCFTA to grow petroleum industry – Herbert Krapah

The Energy Minister, Herbert Krapah has challenged players in the Ghanaian petroleum industry to take advantage of the African Continental Free Trade Agreement (AfCFTA) to boost the industry. He was speaking in a keynote address at the Ghana International Petroleum Conference (GhIPCON) 2024, which took place at the Accra Marriott Hotel from 17th to 18th July 2024. The conference brought together industry leaders, policymakers, and stakeholders from across the West African sub-region and beyond. The two-day event fostered critical discussions...

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CBOD Supports Research on How Athletes’ Skills Can Boost Ghana’s Oil Industry

The Ghana Chamber of Bulk Oil Distributors (CBOD) partnered with Abertay University in Scotland to explore how the skills athletes develop through sports can contribute to economic development in Ghana’s oil and gas sector. Supported by the International Science Partnership Funding, this research identifies innovative solutions to address the looming skills shortage in the industry. Ghana’s oil sector is approaching a critical skills crisis. As the importance of human capital grows, it is expected to surpass financial capital as the...

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CBOD CEO calls for increased research and education to harness Local Content Development

Dr. Patrick Ofori, CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has underscored the critical gap in research and contextualization within Ghana's petroleum sector. He said this during a panel discussion at the Ghana International Petroleum Conference 2024. He lamented the scarcity of local research initiatives, citing a single book sponsored by the World Bank as the sole comprehensive study on skill gap analysis specific to Ghana. He said, “Without adequate research and tailored educational programs, the sector...

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GhIPCON 2024: Take advantage of AfCFTA to grow petroleum industry – Herbert Krapah

A minister of state at the Energy Ministry, Herbert Krapah has challenged players in the Ghanaian petroleum industry to take advantage of the African Continental Free Trade Agreement (AfCFTA) to boost the petroleum industry in Ghana. He was speaking in a keynote address at the annual Ghana International Petroleum Conference (GhIPCON), which took place in Accra from 17th to 18th July 2024. “By removing trade barriers and fostering regional integration, AfCFTA can enhance market access, stimulate investment, and drive economic...

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CBOD strengthens safety protocols with fire response training for depots

The Chamber of Bulk Oil Distributors (CBOD), in collaboration with the Tema Command of the Ghana National Fire Service, has organized an emergency fire response training program for members of the chamber. Forty representatives from member company depots participated in the intensive training session. The purpose of the training program was to equip depot staff with the requisite skills to effectively respond to emergency fire outbreaks. This initiative underscores CBOD's commitment to prioritizing safety and security in downstream sector depots....

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CBOD fosters transparency with media soiree

The Ghana Chamber of Bulk Oil Distributors (CBOD) has hosted this year's media soiree, inviting representatives from various media houses across the country. The cocktail event aimed to establish a strong and collaborative relationship between the Chamber and the media, focused on ensuring accurate and timely information reaches Ghanaians. Dr. Patrick Ofori, CEO of CBOD, emphasised the critical role the media plays in disseminating information. "It's paramount that Ghanaians receive the right information on time," he stressed. He highlighted the...

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Containing Cedi depreciation critical to affordable fuel prices – CBOD

The Ghana Chamber of Bulk Oil Distributors (CBOD) has asked the Government to enhance measures to stabilise the cedi to ensure reduced fuel prices for Ghanaians. According to the Chamber, a strong cedi is critical to affordable petrol and diesel prices, which would also support business growth and cushion the public from the associated hikes in prices of goods and services. Dr Patrick Ofori, Chief Executive Officer (CEO), CBOD, said that among the two key variables that affected ex-pump prices...

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Gold-for-oil: Chamber of Bulk Oil Distributors call for fair competitive environment

The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on government to create an enabling environment that would ensure bulk distribution companies compete fairly in the gold for oil (G4O) programme. According to Chamber, the Bank of Ghana (BoG) underwriting the risks associated with commercial activities of the Bulk Oil Storage and Transportation company (BOST), gives the government sole shareholder private limited liability company, an upper hand over other players in the field. In a virtual press briefing on...

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Scrap LPG taxes now – LPG Marketers Association

The Liquefied Petroleum Gas Marketers Association has renewed calls for the taxes on LPG to be scrapped. The taxes on LPG constitute about 13% percent of the pricing. Though the price of LPG has gone down by about 7%, the association believes the removal of taxes will reduce the cost of LPG drastically and increase the consumption of the commodity. Speaking to Joy Business, Vice President of the LPG Marketers Association, Gabriel Kumi, said the government must prioritise the call...

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