The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have condemned the alleged diversion of funds from the Liquefied Petroleum Gas (LPG) Fund to the Ghana Cylinder Manufacturing Company (GCMC), describing the move as a “flagrant breach of statutory mandate” and a “dangerous sabotage of national energy policy.”
The LPG Fund, implemented by the National Petroleum Authority (NPA) on April 1, 2024, under Legislative Instruments LI 2262 (amended) and LI 2481, was established with three legally binding objectives:
- USD 44/MT Bottling Plant Margin – To finance the construction and operation of LPG bottling plants nationwide.
- USD 36/MT Cylinder Investment Margin – To fund the Cylinder Recirculation Model (CRM) for safe and efficient LPG distribution.
The press release emphasised that the fund’s purposes are non-negotiable and were never intended as discretionary capital for ad hoc allocations.
Redirecting resources to GCMC, according to COMAC and CBOD, represents not administrative flexibility but a direct breach of law that undermines the LPG safety and infrastructure framework.
The chambers argued that diverting the fund away from bottling plant development, CRM rollout, and the withdrawal of unsafe cylinders endangers lives.
“Government is actively choosing GCMC’s financial convenience over the holistic mission to increase LPG accessibility, remove lethal cylinders from circulation, and ensure safe replacement,” the statement read.
