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, warning of possible strike action if the decision is not reversed.
In a statement issued in on 18 February 2026, the two industry bodies described the alleged transfer of funds to the Ghana Cylinder Manufacturing Company as unlawful and a breach of the fund’s statutory mandate.
COMAC and CBOD argued that the LPG Fund, established under Legislative Instruments 2262 and 2481 and implemented by the National Petroleum Authority in April 2024, was created to finance specific objectives within the downstream petroleum sector.
These include a 44-dollar per metric tonne bottling plant margin to support the construction and operation of LPG bottling plants nationwide, and a 36-dollar per metric tonne cylinder investment margin to fund the Cylinder Recirculation Model aimed at promoting safe and efficient LPG distribution.
The associations insist the fund was never intended to serve as discretionary capital for other allocations, warning that any redirection undermines Ghana’s LPG safety and infrastructure framework.
The statement signed by Dr Riverson Oppong, Chief Executive Officer and Industry Coordinator, further cautioned that diverting resources away from bottling plant development, CRM implementation and the withdrawal of unsafe cylinders could endanger public safety and weaken investor confidence in the sector.
COMAC and CBOD are demanding the immediate cessation of any disbursements to the Ghana Cylinder Manufacturing Company from the LPG Fund, the reversal of any allocations already made, and the restoration of the funds to their legally mandated purposes.
The groups are also calling for quarterly public reporting on the utilisation of the fund, backed by independent audits.
