Dr Riverson Oppong, COMAC CEO
The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have strongly condemned the alleged diversion of funds from the LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC), describing the move as unlawful and a breach of the fund’s statutory mandate.
In a joint press release issued in Accra on February 18, 2026, the two industry bodies warned that strike action could be imminent if the decision is not reversed.
According to COMAC and CBOD, the LPG Fund, established under Legislative Instruments LI 2262 (as amended) and LI 2481 and implemented by the National Petroleum Authority (NPA) in April 2024, was created to finance LPG bottling plant infrastructure and support the rollout of the Cylinder Recirculation Model (CRM). They insist the fund was not intended for discretionary allocations outside these objectives.
The groups argued that redirecting the funds to GCMC undermines efforts to expand LPG access, improve safety, and remove unsafe cylinders from circulation. They further warned that the alleged misallocation could destabilise private investment, threaten jobs across the downstream petroleum sector, and increase costs for consumers.
COMAC and CBOD are demanding an immediate halt to any disbursement to GCMC, reversal of any allocations already made, and a public reaffirmation that the fund will be used strictly for its original purpose. They also called for quarterly public reporting and independent audits to ensure transparency.
The two bodies said they would pursue all legitimate policy, legal and public avenues to protect the integrity of the LPG Fund and the interests of industry stakeholders.
