Tag: CBOD
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Patrick Kwaku Ofori to take over from Senyo Hosi as new CEO of CBOD
The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr. Patrick Kwaku Ofori as its new Chief Executive Officer. His tenure begins on August 1, 2022. He will be filling the vacancy created by the departure of the Chamber’s founding CEO, Senyo Hosi, who is stepping down after 10 years of meritorious…
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New Board takes office to steer affairs of the Ghana Chamber of Bulk Oil Distributors
A new 11-member board has been sworn into office to steer the affairs of the Ghana Chamber of Bulk Oil Distributors (CBOD) for the next three years. The new eleven-member executive board has vast experience in finance, taxation, engineering, corporate governance, accounting, management, marketing and oil and gas. Mrs. Ivy Apea Owusu, CEO of Cirrus…
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Political interference cause of TOR’s woes – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Kwasi Hosi says political interferences in operations of the Tema Oil Refinery (TOR), will have to be halted in order for the entity to properly function. Speaking at the Energy Manifesto Town Hall, organized by the CBOD, Senyo Hosi said it will…
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Gov’t clears $1bn legacy debt owed Bulk Oil Distributors
Government has completed payments of all legacy debts due the Chamber of Bulk Oil Distributors, CBOD, according to the Chamber’s CEO, Senyo Hosi. A statement from the Chamber to Citi Business News said the government made payment to the tune of one billion dollars as at January 13, 2020. According to the bulk oil distributors,…
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Reduce impact of fuel price hikes on us – GPTRU to gov’t
The Ghana Private Road Transport Union (GPRTU), wants government’s intervention to reduce the impact of fuel price hikes on its members. The Union has however said it does not plan to increase transport fares. [contextly_sidebar id=”yKcSgXX4tBXBWmiLNuqJpqJFFDiNZDAQ”]The Union cannot increase fares in line with an agreement with the Ministry of Road and Transport. Checks by Citi…
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Over 600,000 litres of BOST’s contaminated fuel ‘evaporates’
The Bulk Oil Storage and Transportation (BOST) is in the news again, this time over the disappearance of about 600,000 litres of its contaminated fuel. A five-member committee set up by the current Managing Director of BOST, George Mensah Oakley to take stock of five million litres of the off-spec product noticed the disappearance. The…
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Publish all exemptions under ESLA – Senyo Hosi to ESLA Plc
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…
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Ghana lost GH¢1.9bn to illegal fuel trade in 2017 – Report
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…
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Hedge oil revenue to protect Ghana from rising oil prices – Senyo Hosi
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…
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New diesel sulphur content rules to take off tomorrow
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…