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BoG’s $200m to BDCs to import petroleum products inadequate – Energy Strategist

January 10, 2023 11:44 am Add a Comment

Energy Management Strategist, Dr Yussif Sulemana, has described as inadequate the $200 million that the Bank of Ghana (BoG) is selling to the Bulk Oil Distribution Companies (BDCs) to import finished petroleum products into the country. According to him, the … Read more →

BoG to sell $420m to BDCs in final quarter of 2022

September 19, 2022 10:29 am Add a Comment

The Bank of Ghana will sell a total of $420 million to Bulk Oil Distribution Companies via banks in the final quarter of this year, in its Foreign Exchange Auctions. This is higher than the amount it sold to the … Read more →

BoG’s supply of dollars to BDCs drops from 85% to 21% – CBOD

June 27, 2022 7:28 am Add a Comment

The Ghana Chamber of Bulk Oil Distributors (CBOD), has called on other players in the foreign exchange supply market to step up their efforts to ensure the demand for US Dollars by Bulk Distributing Companies (BDCs) is met. This, according … Read more →

Fuel prices to stabilise – BDCs assure

April 12, 2022 12:44 pm Add a Comment

The persistent rise in the prices of petroleum products at the pumps in the last couple of months will now be a thing of the past, the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, … Read more →

BDCs predict 2% drop in fuel prices

August 22, 2019 2:43 pm Add a Comment

The Chamber of Bulk Oil Distributors (CBOD) has revised the benchmark foreign exchange (FX) forward from 60 days to 30 days (60-days forwards rate to 30-days forwards rate). The revision was expected to translate into a two per cent and … Read more →

Gov’t owes BDCs GH¢2b

November 21, 2016 4:06 pm Add a Comment

– But made GH¢800m provision in IMF letter – GH¢124m paid last Wednesday GOVERNMENT has to seek an additional GH¢1.2 billion to be able to pay-off all debts owed Bulk Oil Distribution Companies (BDCs) which, currently, is over GH¢2.2billion … Read more →

Tema workers threaten to block BDCs

October 15, 2014 7:39 am Add a Comment

The Tema District Council of Labour (TDCL) has threatened to block the transportation of finished petroleum products by the Bulk Distribution Companies (BDCs) from the points of entry if the government fails to stock the Tema Oil Refinery (TOR) with … Read more →

‘Blows’ at IMF meeting over govt’s debt owed BDCs

October 1, 2014 11:05 am Add a Comment

Ghana’s Finance Minister, Mr. Seth Terkper on Thursday September 18, allegedly attacked the Chief Executive of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Horsi, at a meeting between government and the International Monetary Fund (IMF) representatives currently in … Read more →