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Over the past four years, fuel prices in Ghana have undergone a dramatic surge, affecting households, businesses, and the overall economy. Pump prices for petrol and diesel have risen sharply, with petrol increasing by approximately 150% and diesel by nearly 200% from 2020 to 2024. In 2020, petrol and diesel pump prices averaged below GHS5/Ltr. However, current average pump prices are above GHS13/Ltr for both petrol and diesel. The factors driving these increments are numerous and complex, with the exchange...
Read moreThe 2023 Petroleum Industry Report outlines significant progress and persistent challenges in Ghana's oil and gas sector. As the global energy landscape shifts, Ghana’s petroleum industry has embraced both opportunities and hurdles, seeking to solidify its position in the region. Over the past year, Ghana has made strides in production optimisation and revenue generation. Efforts to enhance operational efficiency have borne fruit, resulting in increased crude oil output and significant contributions to the national economy. Investments in downstream infrastructure, such...
Read moreIn a compelling presentation at the OTL Africa Energy Downstream Week 2024, Dr. Patrick Kwaku Ofori, CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), outlined key insights on Africa's rapidly evolving energy landscape, emphasizing the opportunities and challenges ahead for the continent. Dr. Ofori highlighted Africa’s projected population growth and industrial expansion as major drivers of increasing energy demand. He noted that Africa’s population, which is expected to reach 1.5 billion by 2025, will bring about greater energy...
Read moreThe Ghana Chamber of Bulk Oil Distributors (CBOD), as part of its four-year initiative to engage political parties on energy sector matters relative to their manifesto promises, hosted this year’s Energy Policy Townhall at the UPSA Auditorium. The event served as a platform for representatives of the country’s two major political parties—the New Patriotic Party (NPP) on 9th October and the National Democratic Congress (NDC) on 16th October 2024—to present and discuss their energy policies in the lead-up to the December 7th...
Read moreWelcome to the Ghana Chamber of Bulk Oil Distributors (CBOD) website. Welcome to the official website of the Ghana Chamber of Bulk Oil Distributors (CBOD). The CBOD serves as a key advocacy and representative body for private sector companies in the downstream petroleum industry, along with our affiliates (i.e. BIDECs, Depots, and Affiliates). Our vision is to drive industry excellence and contribute to national development to improve lives. We also function as an industry research and strategy unit committed to...
Read moreIn the dynamic heart of Accra, an innovative approach is quietly reshaping Ghana’s oil and gas sector. At the helm of this change is Dr. Patrick Kwaku Ofori, CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD). Drawing from his own remarkable journey from sports to the boardroom, Dr. Ofori is leading a movement that taps into the unique strengths of former elite athletes to tackle the challenges of the energy industry. For him, the transition from athletics to...
Read moreThe 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...
Read moreThe 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...
Read moreDr. 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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