- + (233) 30 279 7871
- cbod@cbodghana.com
- Mon - Fri 8.30 - 17.00
Menu
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 moreCrude Oil and Refined Products Market Review and Outlook The increasing global investment in the electric vehicle (EV) supply chain continues to threaten the demand for crude oil. According to the International Energy Agency’s (IEA) global EV Outlook report, almost one in three cars on the roads in China and almost one in five in both the United States and the European Union will be electric by 2030. This shift will have major ramifications for the global economy, especially the energy sector....
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 moreCrude Oil and Refined Products Market Review and Outlook Crude oil prices on the global market declined to their lowest since the beginning of the year. The fall in prices reflects weak macroeconomic fundamentals, lackluster demand and increasing crude oil production. According to the Energy Information Administration (EIA), the recent slowdown in China has seen its oil consumption declining year-on-year for a fourth consecutive month in July, by 280 kb/d. Crude oil prices have therefore fallen by about 21.02% on...
Read moreCrude Oil and Refined Products Market Review and Outlook Crude oil prices on the global market declined to their lowest since the beginning of the year. The fall in prices reflects weak macroeconomic fundamentals, lackluster demand and increasing crude oil production. The Energy Information Administration (EIA) and OPEC have downgraded their expectations for global oil demand growth in their latest reports, citing weak Chinese demand. According to the International Energy Agency (IEA), the chief driver of the price reductions is...
Read more
