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News

COMAC Vows to Defend Local Investments as CRM Policy Remains Uncertain

The Chamber of Oil Marketing Companies (COMAC) has declared its determination to oppose any policy that might endanger local businesses in the downstream sector

COMAC
COMAC, Board Chairman Gabriel Kumi
Isaac Kofi Tsoenamawu
Feb 24, 2025

The Chamber of Oil Marketing Companies (COMAC) has declared its determination to oppose any policy that might endanger local businesses in the downstream sector. This stance comes in reaction to the cylinder recirculation model (CRM) introduced by the previous administration, a model COMAC contends did not adequately support local industry players.

During the Downstream Dialogue 2025, organized by COMAC, Board Chairman Gabriel Kumi emphasized that the chamber would hold off on any firm judgment until the government clarifies its 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.”

The cylinder recirculation model, announced by the NPA in 2024, is an LPG marketing framework that involves filling cylinders at refilling plants and then distributing these filled cylinders to consumers via specialized retail outlets known as exchange points. Under this model, consumers have the option to swap their empty cylinders for filled ones at the exchange locations.

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