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Ghana’s Refined Petroleum Imports Fall 12.67% As Domestic Output Rises
Ghana: COMAC, CBOD Agree To Strengthen Dialogue On Downstream Petroleum Issues
The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have agreed to strengthen consultation and collaboration on issues affecting Ghana’s downstream petroleum sector.
The agreement followed a meeting between the two industry associations, COMAC said in a Facebook post on Wednesday.
The discussions reaffirmed the importance of transparency and regular dialogue, with both associations agreeing to keep each other informed of their positions on significant industry matters.
“The Chambers agreed that, given their shared interest in the development of the downstream petroleum sector, it is important for each institution to be adequately informed of the other’s position on significant industry matters,” COMAC said.
Both associations also agreed to consult each other before taking positions on major issues, particularly those with wider implications for the sector.
They agreed to meet quarterly or every six months to discuss emerging developments, exchange views and identify opportunities for joint action.
Research, policy engagement and regulatory compliance were identified as key areas for collaboration.
The meeting also addressed challenges facing the sector, with both associations discussing possible solutions and agreeing on next steps.
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Gambia Receives Two Generators From China To Ease Power Shortages
“The government wants to install the capacity, and part of the medium and long-term plan is to make sure that the issue of electricity is permanently fixed,” he said.
The generators are expected to increase the country’s installed generation capacity and ease electricity shortages.
Their arrival follows Barrow’s pledge to resolve the electricity crisis by the end of October. Government officials had said meeting that deadline depended partly on the arrival of additional generating capacity.
Jallow said electricity supply had already stabilised, but the government wanted to expand generation capacity further to reduce the risk of another crisis.
He also reiterated Barrow’s pledge to achieve universal access to electricity by the end of 2026, extending power to every community in the country.
Development partners, including the Chinese government, had pledged support for that goal, he said.
Gallo Saidy, managing director of the National Water and Electricity Company (NAWEC), said the generators would be installed and commissioned by the end of October.
“The machines have never been used; the only thing they need is to be installed,” he said Ghana: Oil Marketing Companies Hold Pump Prices Steady Despite Projected Increases
Ghana: Sahara Group Opens 6,000-Tonne LPG Depot In Tema
It also has three diesel-driven fire pumps supported by jockey pumps to maintain pressure.
“We equally have an advanced preventive maintenance and inspection system in place,” he said.
The manager said the terminal aimed to strengthen Ghana’s LPG storage infrastructure and ensure reliable supplies with support from Asharami Ghana.
It would also serve industrial and commercial customers and create opportunities for local employment and skills development, while maintaining safety standards and operational reliability, he added.
Sahara Group Executive Director Adewale Ajibade said the depot marked the company’s first investment in LPG and praised the Ghanaian government for creating conditions conducive to investment.
He thanked Energy and Green Transition Minister John Abdulai Jinapor, the chief executive of the National Petroleum Authority and other stakeholders for their support in bringing the project to completion.
Ajibade also commended the contractors involved in the project.
Iran’s Oil Minister Resigns For Personal Reasons
Iran’s Oil Minister Mohsen Paknejad has resigned for personal reasons, state news agency IRNA reported on Sunday, citing Mehdi Tabatabaei, communications deputy in the president’s office.
Paknejad, who had served as oil minister of the OPEC member since August 2024, stepped down as the seven-month-old war between Iran and the United States put pressure on the country’s economy.
Tabatabaei told state television that Paknejad had submitted his resignation “a long time ago” and that President Masoud Pezeshkian had accepted it at the minister’s insistence.
Hamid Bovard, chief executive of the state-owned National Iranian Oil Company, has been appointed acting oil minister, Tabatabaei said.
Before news of his resignation, state media quoted Paknejad as saying that “revenues of the oil that we have sold are still coming and that will continue God willing”.



On the TOR–Kpone Road, Tameklo said he was pushing for its inclusion in the government’s “Big Push” programme.
He said options discussed for repairing the road included contributions from companies operating in the area and funding through the programme.
“I want to assure you that, I am pushing strongly for the road to be placed under the ‘Big Push’ project, it is of major concern to us, because we have done so much in the downstream industry but this road deducts our mark,” he said.
The union’s national chairman, George Nyaunu, apologised for failing to notify the NPA before the strike and thanked the regulator for meeting the drivers.
“We want to apologise for not informing you ahead of time of our intended strike because we knew if we had told you, you’ll convince us not to go ahead with it,” Nyaunu said.
“There was no mention of NPA, we only wanted to let our concerns be heard.”
He expressed hope that the discussions would lead to solutions.
“We want to thank you for offering a listening ear to all our issues and hopefully solutions can be found to these matters.”