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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. […]

The 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

The post Energy Policy Townhall appeared first on CBOD Ghana.

In 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

The 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

Crude 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

Welcome 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

      The post Corporate Governance Workshop appeared first on CBOD Ghana.

Crude 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

Crude 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