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The Bank of Ghana (BoG) has engaged businesses on the situation of Supplier’s/Trade credit in the wake of the COVID-19 pandemic and attendant containment measures. The participants, comprising leaders of businesses across Ghana’s economy, including Ghana Union of Traders Association (GUTA), Association of Ghana Industries (AGI) and Bulk Distribution Companies (BDCs) revealed that offshore suppliers

The National Petroleum Authority has set up Industry Covid-19 Committee which is tasked with exploring ways to ensure the continuity of businesses in the petroleum downstream during the Covid-19 pandemic. The committee seeks to identify industry risk areas, propose mitigating measures and assist with operating guidelines for businesses among others. The committee will also pool

Ghana’s strategic oil company, Bulk Oil Storage and Transportation Company Limited (BOST) has reopened its head office following a successful disinfection exercise. A statement issued by the Corporate Communications Department said, “BOST would like to announce for the information of the general public that it has re-opened its head office at Dzorwulu for business following

The Bulk Oil Storage and Transportation Company Limited (BOST) has temporarily shut down its head office at Dzorwulu, Accra, after a number of its staff tested positive for the Coronavirus disease following a mass testing exercise. A statement issued by the company said the mass testing exercise was necessitated after a staff of the IT

The plight of commercial vehicle drivers continues to worsen in this COVID-19 era as fuel prices have shot up from GH¢4.65 per litre to GH¢4.820 per litre at various pumps, representing some 3.8 per cent. Drivers over the week called on the government to as a matter of urgency come to their aid by reducing

Stranded Assets: Resources that once had value or produced income but no longer does often because of changes in technology and other external factors. The CEO of the Ghana Chamber of Bulk Oil Distributors is cautioning decision-makers in Africa’s oil and gas space not to abandon fossil fuel exploitation to pursue heavy investments into renewable

The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told BNN Bloomberg. Exxon’s job cuts will be characterized as performance-based, and not considered layoffs, technically speaking. Employees who are not subject to performance reviews will not be affected, the

The Chamber of Petroleum Consumers says it is not usurping the powers of regulatory agencies within the petroleum sector with its Fuel Quantity Checks (FQC) exercise. COPEC, a civil society organization that represents the interests of petroleum consumers, said it believes it has the right to assess the quantity of fuel Ghanaians are served with

The CEO of the Chamber of Bulk Oil Distributors (CBOD) Senyo is urging African leaders to pay close attention to the lessons from Covid-19 for the continent to be self-reliant. Mr. Hosi was speaking during a panel session on the theme “COVID-19: Pathways to Africa’s Economic Recovery and Growth – The place of policy response

The CEO of the Chamber of Bulk Oil Distributors (CBOD) Senyo Hosi will be speaking alongside the Prime Minister for Eswatini H.E. Ambrose Dlamini, Vice President of Liberia Jewel Howard-Taylor and the Secretary-General of the Commonwealth Patricia Scotland QC among other leaders from diverse backgrounds in the continent. They will participate in the virtual Africa