The Chamber of Oil Marketing Companies (COMAC) has officially opened its 2026 Safety Week, with a renewed call for proactive risk management across Ghana’s downstream petroleum sector.Speaking at the opening ceremony, Board Chairman Gabriel Kumi emphasised that safety must be treated as a shared national responsibility rather than a departmental obligation. He noted that the...
Day: April 8, 2026
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COMAC CEO Calls for Proactive Risk Management at Safety Week 2026
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has underscored the need for proactive risk management in Ghana’s downstream petroleum sector, as the 2026 COMAC Safety Week officially commenced on April 7. Addressing participants at the opening ceremony, Dr. Oppong described the annual event as a critical platform...
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Energy Minister Signals Possible Review of Fuel Taxes Amid Rising Global Prices
The Minister for Energy and Green Transition, John Abdulai Jinapor, has disclosed that government is engaging the Finance Ministry on a possible review of taxes on petroleum products, including the controversial one-cedi levy. The move follows growing calls for the removal or reduction of fuel-related taxes to cushion consumers against rising pump prices, driven largely...
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CSOs to name and shame BDCs and OMCs engaged in illegal activities in Ghana’s Petroleum Downstream
The Office of the Special Prosecutor (OSP) recently intensified its crackdown on alleged illegal activities within Ghana’s petroleum downstream sector, following coordinated searches at five major fuel depots.The operation led to the seizure of documents and electronic materials as part of an ongoing investigation into the under-declaration of petroleum imports and the falsification of product...
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CBOD CEO Backs 24-Hour Economy Initiative at Petroleum Sector MoU Signing
Dr. Patrick K. Ofori, Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), has endorsed the government’s 24-hour economy initiative, describing it as a strategic move to boost productivity, energy security, and economic growth. Speaking at the signing of a Memorandum of Understanding (MoU) between the petroleum downstream industry and the 24-Hour Economy...
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Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire
Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped by 13.96% to trade at $97.18, while Brent Crude had fallen to $95.05, down 13.01% on the day. The dramatic selloff came on the back...