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February 19, 2026
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Oil marketing and bulk distribution chambers condemn alleged misuse of LPG fund, demand immediate action
Money
Policy
Growth
Key Points
- COMAC and CBOD condemn the alleged diversion of funds from the statutory LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC).
- The LPG Fund, implemented April 1, 2024, under LIs 2262 and 2481, has specific mandates for bottling plant development (USD 44/MT) and the Cylinder Recirculation Model (CRM) (USD 36/MT).
- The chambers assert this diversion is a "flagrant breach of statutory mandate," undermining national energy policy, endangering lives, and sabotaging critical safety infrastructure.
- Wider economic consequences include the destruction of private investment, job losses, consumer exploitation, and potential investor flight from Ghana.
- COMAC and CBOD demand immediate cessation of disbursements to GCMC, reversal of funds, reaffirmation of the fund's statutory purpose, and transparent public reporting with independent audits.
Why This Matters
This issue is critical for Ghana as it directly impacts national energy policy, public safety, and economic stability. The alleged diversion of the LPG Fund undermines a vital framework designed to ensure safe and efficient LPG distribution, potentially leading to increased safety risks, higher consumer costs, job losses, and a significant erosion of investor confidence in the country's statutory guarantees.
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