Saturday, March 7, 2026
African Business

Oil marketing groups threaten strike over alleged LPG fund diversion

The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distribution Companies (CBOD) have threatened to go on strike over the alleged diversion of funds from the LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC), saying the move is a "flagrant breach of statutory mandate" and "unacceptable betrayal of public trust". In a joint statement, the associations vowed to explore all legal means to reverse the action, demanding the government immediately cease all disbursements to GCMC from the LPG Fund and reverse any allocations already made....
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Gov’t tightens mining rules to deepen local ownership and capture windfall gains

By Eugene Davis Ghana’s push to recalibrate its mining sector gathered pace this week, as the Lands Minister and the regulator signalled a tougher stance on enforcement and a sharper focus on turning mineral wealth into domestic industrial capacity. Addressing the Maiden Mining Local Content Summit, Emmanuel Armah-Kofi Buah said the era of symbolic local participation must give way to what he described as “a structured, intentional, backed-by-capital-and-technology opportunity — the kind that transforms potential into performance”. Invoking the legacy of Kwame Nkrumah, Mr Buah framed the government’s indigenisation drive...
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