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Tag Archives: CBOD

Publish all exemptions under ESLA – Senyo Hosi to ESLA Plc

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (CBOD) is demanding that the government makes public, all exemptions granted under the ESLA receipts for 2016 and 2017. The Chamber argues that the extent of such exemptions may serve as an avenue for tax evasion hence Ghanaians must be given the fine details of the transactions. The request comes on the back of ...

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Ghana lost GH¢1.9bn to illegal fuel trade in 2017 – Report

fuel tanker

The Chamber of Bulk Oil Distributors is blaming the persistent issues of illegal fuel trade on what it says is the weak commitment of security agencies in addressing the issue. A latest industry report by the Chamber said the illegal fuel trade cost the country some 1.9 billion cedis in 2017. The report cited three main factors as accounting for ...

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Hedge oil revenue to protect Ghana from rising oil prices – Senyo Hosi

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (CBOD) wants the government to introduce new mechanisms to protect the country from the gradual rise in crude oil prices. The Chamber is impressing on the government to among others initiate processes that will stabilize oil revenue. The Chamber argues that this is necessary as Ghana is a net exporter of oil; that means ...

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New diesel sulphur content rules to take off tomorrow

dirty diesel in Ghana

Effective Saturday, July 1 2017, all imported diesel into Ghana should have a minimum sulphur content of not more than 50 million parts per million, barring any last minute changes. This follows the implementation of the new regulation by the National Petroleum Authority (NPA). A study by the African Centre for Energy Policy (ACEP) and the Swiss NGO, Public Eye ...

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Ghana loses GH¢490 m to illegal imports – BDCs

Some executives of CBOD  and members at the AGM

The Chamber of Bulk Oil Distributors (CBOD) has made a strong case for the government to clamp down on all importers of illegal products into the market if it is to provide fair competition in the industry. The Chamber argues that the perpetuation of the act led to a revenue loss of about 490 million cedis in 2016 alone. The ...

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OMCs reduce prices to reflect tax cuts

FUEL-STATION

Citi Business News’ checks at fuel stations have revealed that major Oil Marketing Companies (OMCs) have reduced the prices of their products for the second consecutive time this month; March. The reduction is in line with the recent tax cuts announced by the government in the 2017 budget. The OMCs earlier in the second pricing window of March reduced the ...

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CBOD demands swift commitment in providing quality diesel

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (CBOD), wants government to expedite processes of providing funding for the Tema Oil Refinery (TOR) to meet the new sulphur specification content for imported diesel. It comes on the back of an ambitious plan by the ECOWAS member states to review the sulphur specification content for all refineries in the sub region to a ...

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