• About
  • Advertisements
  • Terms of Use
  • Contact
Thursday, November 12, 2026
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

Bulk oil distributors urge restraint as OSP probes petroleum sector

by The Sikaman Times
April 9, 2026
COMAC, CBOD threaten strike over alleged diversion of LPG Fund
SharePostSendShareSend

The Ghana Chamber of Bulk Oil Distributors has called for calm and measured public commentary amid ongoing investigations in Ghana’s petroleum sector involving the Office of the Special Prosecutor (OSP).

In a press statement issued in Accra on April 8, 2026, the Chamber said it had taken note of recent developments linked to actions by the OSP within the downstream petroleum industry. 

While acknowledging the seriousness of the matter, CBOD emphasized the need for caution to avoid reputational harm to companies that may not be directly involved.

“As the umbrella body representing Bulk Oil Distributors (BDCs), Petroleum Terminals and Refineries, the Chamber wishes to clarify that matters relating to petroleum taxes, as currently being discussed in the public domain, are generally incidental to the operations of the Oil Marketing Companies (OMCs) and not Refineries, Petroleum Terminals or BDCs,” the statement noted.

The Chamber underscored that premature or speculative commentary could have far-reaching consequences for businesses operating within the sector, particularly those with both local and international trading and financial relationships. It warned that reputational damage at this stage could be difficult to reverse, especially if subsequent investigations exonerate affected entities.

“Given the preliminary nature of the issues, the Chamber respectfully underscores the importance of measured and restrained public commentary to safeguard the reputation and operations of the companies involved,” CBOD stated.

The statement also called on all members and Petroleum Service Providers (PSPs) who may be subjects of the investigation to fully cooperate with the Office of the Special Prosecutor. 

It further urged stakeholders and the general public to allow due process to take its course and refrain from drawing premature conclusions.

“We urge all stakeholders and the public to allow due process to take its course and to avoid premature conclusions that could have unintended consequences for businesses and the broader industry,” the Chamber added.

Reaffirming its commitment to transparency and integrity, CBOD pledged its support to the OSP and other law enforcement agencies in their investigations. 

The Chamber also expressed readiness to assist in enhancing understanding of operations within the downstream petroleum sector.

Advertisement Advertisement
Tags: Featured
Share1Tweet1SendShareSend
Previous Post

Don’t rush to pay with Ghana Card yet – NIA clarifies

Next Post

NRSA declares Toyota Voxy illegal for commercial use, but operators reject decision

Related Posts

New cedi notes reflect Ghana’s shared history and aspirations – Mahama
Banking & Finance

New cedi notes reflect Ghana’s shared history and aspirations – Mahama

November 12, 2026
Heritage Series: BoG unveils new cedi notes with enhanced security, durability
Banking & Finance

Heritage Series: BoG unveils new cedi notes with enhanced security, durability

November 12, 2026
Spain seizes 3.8 tonnes of cocaine in two operations, including 2.6 tonnes shipped from Ghana
General

Spain seizes 3.8 tonnes of cocaine in two operations, including 2.6 tonnes shipped from Ghana

November 12, 2026
Three confirmed dead, two NAIMOS personnel injured in Manso Keniago clash
General

Three confirmed dead, two NAIMOS personnel injured in Manso Keniago clash

November 11, 2026
2027 Budget must translate policy ambitions into measurable outcomes – BudgIT Ghana
Business

2027 Budget must translate policy ambitions into measurable outcomes – BudgIT Ghana

November 11, 2026
Services sector drives 70% of Ghana’s economic growth in August 2026 – GSS
Business

Services sector drives 70% of Ghana’s economic growth in August 2026 – GSS

November 11, 2026
Next Post
NRSA declares Toyota Voxy illegal for commercial use, but operators reject decision

NRSA declares Toyota Voxy illegal for commercial use, but operators reject decision

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • 2027 Budget must translate policy ambitions into measurable outcomes – BudgIT Ghana

    2027 Budget must translate policy ambitions into measurable outcomes – BudgIT Ghana

    2 shares
    Share 1 Tweet 1
  • Three confirmed dead, two NAIMOS personnel injured in Manso Keniago clash

    1 shares
    Share 0 Tweet 0
  • Beyond minimum wage: The need to bridge the gap between earnings and living standards

    3 shares
    Share 1 Tweet 1
  • I’m ultimately responsible for every success and failure within my government– Akufo-Addo

    99 shares
    Share 40 Tweet 25
  • 2024: Beckons for more (Part 1) (Article)

    26 shares
    Share 10 Tweet 7

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Tourism & Hospitality
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2022- 2026 The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2022- 2026 The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2026
The Sikaman Times