The Chamber of Bulk Oil Distributors (CBOD) has engaged the International Monetary Fund (IMF) on developments in Ghana’s downstream petroleum sector, with particular attention to fuel affordability, supply security and the sustainability of government interventions.
The engagement, held on Friday, October 30, 2026, formed part of the IMF’s first review of Ghana’s Policy Coordination Instrument (PCI).
Representatives from the Ministry of Finance, the IMF, the National Petroleum Authority (NPA) and CBOD participated in the discussions, which examined key issues affecting petroleum product supply and distribution.
A major focus was the sustainability of government interventions in response to rising petroleum prices, foreign exchange availability to the downstream sector, and the impact of the floor price policy on fuel availability and affordability.
Stakeholders also considered the broader economic implications of these policies and their long-term implications for the sustainability of Ghana’s downstream petroleum industry.
CBOD reaffirmed its commitment to constructive stakeholder engagement and policy dialogue aimed at promoting a resilient, efficient and sustainable downstream petroleum sector.
The IMF is currently undertaking a review of Ghana’s economic performance under the non-financing Policy Coordination Instrument, which provides a framework for monitoring the country’s economic policies and reforms.