• About
  • Advertisements
  • Terms of Use
  • Contact
Wednesday, September 9, 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

BOG sanctions Fidelity, First National banks over forex breaches
Banking & Finance

BoG warns public over 20 unlicensed digital credit apps

September 9, 2026
Queen Mother Awo Yaa Manubea I launches debut book on self-love, healthy boundaries
Exclude

Queen Mother Awo Yaa Manubea I launches debut book on self-love, healthy boundaries

September 8, 2026
Mahama swears in five-member Independent Fiscal Council
Business

Mahama swears in five-member Independent Fiscal Council

September 8, 2026
All 6,300 GES staff recruited without clearance have been paid, says Finance Ministry
Education

All 6,300 GES staff recruited without clearance have been paid, says Finance Ministry

September 8, 2026
Mahama appoints Dr Abdul-Baasit Aziz-Bamba as Ag. Director-General of Value for Money Office
General

Mahama appoints Dr Abdul-Baasit Aziz-Bamba as Ag. Director-General of Value for Money Office

September 8, 2026
Citizen Samuel Bryan Buabeng petitions Supreme Court over Council of State vacancy
General

Citizen Samuel Bryan Buabeng petitions Supreme Court over Council of State vacancy

September 8, 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 *

  • Queen Mother Awo Yaa Manubea I launches debut book on self-love, healthy boundaries

    Queen Mother Awo Yaa Manubea I launches debut book on self-love, healthy boundaries

    3 shares
    Share 1 Tweet 1
  • EDITORIAL: CSSPS Must Become Truly Computerised, Predictable and Inclusive

    1 shares
    Share 0 Tweet 0
  • Mahama appoints Dr Abdul-Baasit Aziz-Bamba as Ag. Director-General of Value for Money Office

    1 shares
    Share 0 Tweet 0
  • All 6,300 GES staff recruited without clearance have been paid, says Finance Ministry

    1 shares
    Share 0 Tweet 0
  • Citizen Samuel Bryan Buabeng petitions Supreme Court over Council of State vacancy

    1 shares
    Share 0 Tweet 0

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