Els: MBN360 News
The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distribution Companies (CBOD) have threatened strike over what they describe as the unlawful diversion of funds from the Liquefied Petroleum Gas (LPG) Fund to the Ghana Cylinder Manufacturing Company.
In a joint statement issued on Wednesday, the two industry bodies said the alleged redirection of funds constituted a breach of statutory mandate and undermined national energy safety policy.
They said they would pursue all legal, policy and public avenues to reverse the move.
According to COMAC and CBOD, the LPG Fund was established under Legislative Instruments LI 2262, as amended, and LI 2481, and implemented by the National Petroleum Authority in April 2024 with narrowly defined objectives focused on LPG safety and infrastructure.
They said the fund was legally intended to finance the construction of LPG bottling plants nationwide and support the rollout of the Cylinder Recirculation Model (CRM), including the withdrawal of unsafe cylinders.
“The fund was never intended as discretionary capital for ad hoc allocations,” the statement said, adding that redirecting it to GCMC was “not administrative flexibility, it is a statutory violation that demolishes the foundation of Ghana’s LPG safety and infrastructure framework.”
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The associations demanded an immediate halt to all disbursements to GCMC from the LPG Fund, the reversal of any allocations already made, and a public reaffirmation by government that the fund would be used strictly for its original statutory purposes.
They also called for quarterly public reporting on the use of the fund, backed by independent audits, to guarantee transparency.
“These are not industry requests. These are legal and moral imperatives,” the statement said.
COMAC and CBOD warned that failure to address the issue could erode confidence in Ghana’s energy sector and compromise public safety.
“This moment demands decision: Will Ghana uphold the rule of law and protect its citizens, or will it condone misallocation, erode energy sector credibility, and sacrifice lives for bureaucratic convenience?” the statement added.
The groups said they would not accept “anything less than full accountability, decisive leadership, and restoration of fund integrity,” warning that all options, including industrial action, remained on the table.
The government has yet to publicly respond to the allegations.
