COMAC vows to resist policies that threaten local investment

The Chamber of Oil Marketing Companies (COMAC) has vowed to strongly oppose any policy that could jeopardise local businesses within the downstream sector.

This warning comes in response to the cylinder recirculation model (CRM) introduced by the previous government, which COMAC argues failed to benefit local industry players.

In an interview at the recently concluded Downstream Dialogue 2025, organized by COMAC, Gabriel Kumi, the Chamber’s Board Chairman, stated that COMAC would await the government’s position on the model.

“A new government has just taken office, and the National Petroleum Authority (NPA) has a new Chief Executive Officer. With a new minister in place, there has been no clear push on CRM yet. Based on past actions, we had to strongly defend our investments and the over 12,000 Ghanaians we employ,” Kumi remarked.

“We are still waiting to meet with the political leaders at NPA to understand the direction of CRM. It’s clear, though, that the old approach hasn’t worked and won’t work. While we respect the government’s right to implement policies, those policies should not threaten the investments of ordinary Ghanaians.”

In 2024, the NPA announced plans to implement the long-anticipated cylinder recirculation model. The CRM is an LPG marketing model that involves filling cylinders at large refilling plants and distributing the filled cylinders to consumers via specialized retail outlets known as exchange points. Under the CRM, consumers can exchange their empty cylinders for filled ones at these exchange points.

Source: citinewsroom.com