The Chamber of Bulk Oil Distributors (CBOD) has called for restraint in public commentary following recent developments involving the Office of the Special Prosecutor (OSP) within Ghana’s petroleum sector.
In a statement issued in Accra on April 8, 2026, the Chamber acknowledged the ongoing investigations and sought to clarify that issues relating to petroleum taxes—currently being discussed in the public domain—are largely incidental to the operations of Oil Marketing Companies (OMCs), rather than refineries, petroleum terminals, or Bulk Oil Distributors (BDCs).
The Chamber emphasised that, given the preliminary nature of the investigations, it is important for stakeholders and the public to exercise caution and avoid premature conclusions that could adversely affect the reputation and operations of companies involved.
According to CBOD, firms within the petroleum value chain maintain extensive local and international trading and financial relationships, and any reputational damage at this stage could have far-reaching consequences, even if subsequent investigations exonerate affected entities.
The Chamber also urged its members and Petroleum Service Providers (PSPs) implicated in the probe to fully cooperate with the OSP to ensure a transparent and credible process.
“Stakeholders and the public must allow due process to take its course,” the statement noted, adding that measured communication is essential to safeguarding the integrity of the industry.
CBOD reaffirmed its commitment to promoting transparency and accountability within the downstream petroleum sector, while pledging its support to the OSP and other law enforcement agencies in advancing investigations and improving understanding of industry operations.
The statement was signed by the Chief Executive Officer of CBOD, Patrick Kwaku Ofori.
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