COMAC vows to resist policies that threaten local investment

The Chamber of Oil Marketing Companies (COMAC) has vowed to oppose any policy that jeopardizes local businesses in the downstream sector, particularly the cylinder recirculation model (CRM) introduced by the previous government.

At the Downstream Dialogue 2025, COMAC Board Chairman Gabriel Kumi stated that while a new government, a new NPA Chief Executive, and a new minister are now in place, there has been no clear push on CRM.

He emphasized that the old approach failed to benefit local industry, threatened investments, and put over 12,000 jobs at risk. Kumi insisted that government policies must not harm ordinary Ghanaians.

The CRM, announced in 2024, is an LPG marketing model where consumers exchange empty cylinders for filled ones at designated exchange points.