CBOD engages IMF on fuel affordability
As part of the International Monetary Fund’s (IMF) First Review of Ghana’s Policy Coordination Instrument (PCI), the Chamber of Bulk Oil Distributors (CBOD) has participated in a stakeholder engagement on Friday, October 30, 2026. The meeting examined fuel affordability and concerns of supply to the retail market. The engagement brought together representatives from the Ministry […]
The Chamber of Bulk Oil Distributors (CBOD) has engaged in discussions with the International Monetary Fund (IMF) regarding fuel affordability and supply to the retail market in Ghana. This meeting, held on Friday, October 30, 2026, as part of the IMF’s First Review of Ghana’s Policy Coordination Instrument (PCI), brought together key stakeholders including representatives from the Ministry of Finance, IMF, National Petroleum Authority (NPA) and CBOD.
The main aim was to assess the sustainability of government interventions in response to rising petroleum prices, foreign exchange supply to the sector, and the impact of the floor price policy on petroleum product availability and affordability, as well as the long-term sustainability of the sector and its broader impact on the economy.
The CBOD expressed its commitment to constructive stakeholder engagement and policy dialogue aimed at promoting a resilient, efficient and sustainable downstream petroleum sector. The IMF is currently in Ghana to review the country’s economy following its participation in the non-financing Policy Coordination Instrument.
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