CBOD CEO Speaks on Strengthening West Africa’s Petroleum Supply Chain at Argus Forum
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Dr. Patrick K. Ofori, participated as a speaker at the Argus West Africa Oil Forum held in Accra on March 10, 2026, where he delivered a presentation on sustaining the region’s refined petroleum products supply chain. In his presentation, Dr. Ofori highlighted […]
From Sprints to Crude: How Athletic Skills are Fueling Ghana’s Oil Sector
In 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 […]
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 paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms
The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash and not gold as widely claimed by the Vice President, Dr Mahamudu Bawumia. His disclosure comes after several calls by Industry experts such as the […]
Fuel prices cross GHs. 23.00 at the pumps
Fuel price has hit an all-time high at the pumps with Petrol selling at GHS17.99 per liter and diesel retailing at GHS 23.49 a litre. This comes barely three days after members of the Ghana Road Transport Union announced an increment in transport fares by 19 per cent due to the rampant increase in fuel […]
Revive TOR to provide reliable and affordable fuel – IES to Prez Akufo-Addo
The Institute for Energy Security, IES, has reiterated the need for government to do all it can to ensure the Tema Oil Refinery is revived, in the wake of hikes in prices of fuel at pump stations. The call by the Institute comes on the back of a recent announcement by President Akufo-Addo that steps […]
Cylinder Recirculation Policy to begin in parts of the country by December
The government has announced that the Cylinder Recirculation Policy is set to kick off in parts of the country by the end of the year. This comes years after the policy was introduced as a stop-gap measure following the atomic junction gas explosion saga in 2017. Speaking at the Ghana International Petroleum Conference, Chief Executive […]
Government suspends subsidy on Residual Fuel Oil
The government has suspended the subsidy on Residual Fuel Oil (RFO) until further notice, effective November 1, 2022. The move, according to the National Petroleum Authority (NPA), is in line with the directive from the Ministry of Energy as an interim measure to ease the financial burden on the Price Stabilisation and Recovery Account […]
17 OMCs did not pay GH¢249.8m duties, taxes between 2022, 2021 – Auditor General
Seventeen Oil Marketing Companies did not pay duties and taxes totaling GH¢249,800,802.28 on 219,995,530 litres of fuel products lifted for the period January 2020 to December 2021. The Auditor General’s report on the audit of Ministries, Departments and Agencies noted this discrepancy from the Integrated Customs Management System (ICUMS). Twenty-eight Oil Marketing Companies failed to […]
