COMAC, CBOD Condemn Alleged Diversion of LPG Fund to GCMC; Warn of Possible Strike Action
The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have jointly condemned the alleged diversion of funds from the Liquefied Petroleum Gas (LPG) Fund to the Ghana Cylinder Manufacturing Company (GCMC), warning that the move undermines Ghana’s energy policy framework and could trigger industrial action.
In a strongly worded statement issued in Accra on February 18, 2026, the two industry bodies described the alleged diversion as unlawful and inconsistent with the statutory purpose of the LPG Fund, which is administered by the National Petroleum Authority (NPA).
According to COMAC and CBOD, the LPG Fund was established under Legislative Instruments LI 2262 (amended) and LI 2481 and became operational on April 1, 2024, with clearly defined objectives, including financing LPG bottling plant infrastructure nationwide and supporting the rollout of the Cylinder Recirculation Model (CRM) to enhance safety and efficiency in LPG distribution.
The chambers stressed that the fund was not designed to serve as discretionary capital for ad hoc allocations, arguing that redirecting it to GCMC constitutes a breach of the law governing the fund’s operations.
They further cautioned that diverting resources away from bottling plant development and CRM implementation poses significant safety risks, particularly by slowing the withdrawal of unsafe cylinders from circulation and weakening efforts to expand access to LPG across the country.
Beyond safety concerns, COMAC and CBOD warned of broader economic consequences, including the potential collapse of private investments made on the back of government policy assurances, job losses across the downstream petroleum value chain, higher costs for consumers, and declining investor confidence in Ghana’s energy sector.
The two bodies have issued a set of demands, calling on government to immediately halt any disbursements from the LPG Fund to GCMC, reverse allocations already made, reaffirm the fund’s statutory mandate, and introduce quarterly public reporting backed by independent audits to ensure transparency in fund utilisation.
COMAC and CBOD indicated that failure to address their concerns could lead them to pursue policy, legal and public actions to safeguard the integrity of the LPG Fund, insisting that the fund must remain dedicated solely to its legally mandated purposes.
The statement was jointly signed by Dr. Riverson Oppong, CEO and Industry Coordinator of COMAC, and Dr. Patrick Ofori, Chief Executive Officer of CBOD.
