Bdcs in ghana

Bdcs in ghana. Results of BDCs Forex Forward Rates Auction No. 9 percent to 4. Accra, Wednesday 19th February, 2020. , British Petroleum (BP), Trafigura. Box GP 3183, Accra. More » Products & Services Apr 4, 2022 · SA Energy Limited is a private limited liability company, authorised by the National Petroleum Authority (NPA) to operate as a Bulk Distributing Company (BDC) to import, procure, store, re-export, distribute, and sell petroleum products wholesale to Bulk consumers, including Oil Marketing Companies (OMCs). GoEnergy; The company has maintained its 4-year (2014-2017) run as the largest distributor of products with a 16. Comments (0) WhatsApp. Mar 18, 2020 · The Ghana Chamber of Bulk Oil Distribution Companies (CBOD) has appealed to the National Petroleum Authority (NPA) to revise the renewal fees to the previous fee of US$300,00 for this year. 1Yr Dividend Growth & NAV Growth See which BDCs have grown their per-share dividends and per-share net asset value year over year. Adu noted that in 2014/2015 Letters of Credit from the banking sector to the BDCs and to some extent Volta River Authority (VRA) were valued at about US$3billion, with CAL Bank alone contributing about US$500million. 0%. com 2023-07-10 BoG to sell $120 million to BDCs in third quarter of 2023 Attempts by workers of TOR to use the media in painting the BDCs in dark colors and create the impression as though the BDCs are the “sole” cause of TOR’s ills, and therefore must be chased Allied Services (Gh) Ltd. a foreign individual or foreign company in a registered joint venture relationship with a citizen of Ghana or a Ghanaian company. The affected compani Jan 2, 2024 · Bank of Ghana (BoG) has released the first quarter Forex Forward Auction calendar for the sale of United States dollars to authorized foreign exchange dealing banks, and Bulk Oil Distribution Oct 7, 2020 · The Bureaux De Change (BDCs) segment of the nation’s foreign exchange market has remained a critical component of the Nigerian financial market playing a pivotal role to ensure exchange rate stability and job creation in the country. This is the fourth of such many forex forward auctions […] Jun 15, 2022 · Fuel Prices In Ghana Today. Oct 31, 2023 · Also like most BDCs, Owl Rock Capital tends to focus on middle market companies. Aug 16, 2015 · This paper reviews Ghana’s recent experience on downstream petroleum products pricing and deregulation and looks at its implications for the nation’s energy security. The programme is a government initiative under which the state, through BOST, is importing petroleum products and paying with gold instead of […] Vihama Energy is a privately owned Ghanaian company which is mandated by the National Petroleum Authority (NPA) to operate as a Bulk Distribution Company (BDC) in Ghana. Top Exporters of Ghana: Oil & Gas. 5 million May 7, 2021 · BDCs aim to generate income and capital gains when the companies they invest in are sold, much like venture capital or private equity funds. Twitter. An example of investing in equity would be preferred stock or common stock. The rationale behind the IPP benchmark is to have a strong relationship with the actual costs of fuel imports into Ghana taking into account global developments. They also import crude oil, procure, store, distribute and sell petroleum products particularly to Bulk consumers. a partnership registered under the Incorporated Private Partnerships Act, 1962 (Act 152); or d. 0052 Held on May 14, 2024 One Thorpe Road P. Facebook. We have a strong asset base, including two state-of-the-art storage Dec 18, 2023 · Key impacts that international trade partnerships can have on local market players in Ghana: 1. This follows plans by the NPA to increase the License renewal fees for BDCs from US$300,000 to US$500,000 per year, representing a 67% increase. gh +233 30-2666174 – 6 Feb 16, 2021 · Ghana's downstream oil in dustr y is composed of major petroleum m arketers an d independent marketers that suppl y homo genous goods but ha ve the capacit y to boost prices b y creatin g US$120 million to be auctioned to BDCs in Q2 2024. the calendar, $40 million each would be auctioned in July, August and September. and MOCOH S. 94% in 2017 to 59. gov. Box GP 2674 Accra, Ghana bogsecretary@bog. Most Leveraged BDCs See which BDCs use the most leverage as measured by debt:equity ratio. CBOD serves as the advocacy, lobby and representative body of Bulk Oil Import, Distribution and Export Companies (BIDECs), Storage Depots and other affiliated Petroleum Service Providers (PSPs) in the downstream Jan 8, 2023 · The Bank of Ghana plans to sell about $200 million to Bulk Oil Distribution Companies (BDCs) in the first quarter of 2023. The National Petroleum Authority (NPA) has rescinded the operating licenses of some five Bulk Oil Distribution Companies (BDCs) engaged in Ghana’s petroleum refinery process May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. This form of company was created by the US Congress in 1980 in the amendments to the Investment Company Act of 1940. O. box 186 Achimota Accra Greater Accra 233 Mar 6, 2021 · The 5 BDCs whose license were revoked according to the Ghana Chamber of Bulk Oil Distributors (CBOD) in its 2019 Ghana Petroleum Industry Report include: L. There has been a 25 % reduction in oil prices but some OMCs have only sanctioned close to 15% reduction in price of petrol. The Bank of Ghana announces for the information of all Authorised Foreign Exchange Dealing Banks the Bulk Oil Distribution Companies (BDCs) FX forward Auction Calendar for the first quarter of 2023. Spain Visa to Ghana, Apply Spain Visa from Ghana, Spain Visa Application Centre in Ghana, Spain Visa from Ghana, Ghana Citizen Apply Spain Visa, Spain Visa Application, Spain Visa Application from Ghana, Spain Visa for Ghana Passport Holder. O. gh +233 30-2666174 – 6 Nov 1, 2020 · According to Ghana Statistical Service (2015) the GDP of Ghana had recorded double-digit growth (14%) in 2011 after two years of exporting oil, thus from a single-digit growth rate (4. TOR had a total debt portfolio of $320 million by 2003. Feb 19 2020. These companies have the license from the NPA to do bulk distribution. Ghana Post Address: GA-105-4831 Apr 27, 2023 · The managing director of Bulk Oil Storage and Transportation Company, Edwin Provencal says some private bulk distribution companies (BDCs) have been importing petroleum products at cheaper rates than under the government’s gold-for-oil programme. Through this valuable insight, businesses can make informed decisions on product development, marketing strategies, and expansion opportunities. Apr 28, 2021 · In the banking sector, the Bank of Ghana now sets Ghana Reference Rate (GRR), in place of the base rate it used to set for banks some time ago. 6 per cent of the business, while the remaining 23 See full list on firmusadvisory. Out of the 130 oil marketing companies operating in the country, 50 – according to estimates – […] Oct 27, 2015 · Current development within the industry in Ghana gives BDCs and OMCs related companies to take advantage of SPT within the price build up and take the market by storm The deregulation wit. Jun 23, 2022 · He noted that the BDCs get 21% of the 450million dollars needed to import petroleum products. Components of Base Pay Salary in Ghana: Feb 25, 2023 · The petroleum downstream observed a market turbulence in Ghana in 2022. a body corporate registered under the Companies Code, 1963 (Act 179); or c. Bank of Ghana will auction $120m to BDCs in the second quarter of 2024. The apex bank introduced the sale of dollars to BDCs some months ago to avert the supply of dollar shortage to the firms and The Bulk Oil Storage and Transportation companies (BOST) is set to launch a new system to help end challenges Bulk Oil Distributing Companies (BDCs) face trying to access fuel from their depots. 00; Facebook-f Twitter Linkedin-in Instagram. According to him, the Central Bank is only able to supply about $100 million, out of the $450 million needed by the BDCs. Top Five; 1. TOR, the only refinery in Ghana had faced challenges in meeting the increasing demand for petroleum products. S. Although the ‘one-system rule’ has been adopted in principle, its implementation has largely been Jun 8, 2016 · Ghana’s central bank, the Bank of Ghana, in its first financial stability report for 2016 revealed that bad loans on the books of commercial banks in the country increased by 14. Feb 19, 2020 · Government Completes Payments of all BDCS Legacy Debts. com 2023-05-27 BDCs now buy fuel in cedis – BOST on benefits of gold-for-oil Jul 1, 2019 · July 1, 2019. Monroe Capital Corporation provides financing solutions primarily to lower middle-market companies in the United States and Canada. 7 million litres claim of lost products, 14. BDCs in turn About Us. The intended sale is according to the auction calendar of the Central The Association of Oil Marketing Companies is an industry association and a private initiative by the oil marketing operators in Ghana. The Chamber of Bulk Oil Distributors (CBOD) has been operational since 2012 but was formally incorporated in January 2014. The National Petroleum Authority (NPA) has rescinded the operating licenses of some five Bulk Oil Distribution Companies (BDCs) engaged in Ghana’s petroleum refinery process May 2, 2024 · Results of BDCs Forex Forward Rates Auction No. The Government of Ghana in June 2015 put in place a deregulation policy that had the expectation of allowing marketers and importers of petroleum products to set directly May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. MOSL trades in all refined petroleum products including gasoline, gasoil, Marine Gas Oil (MGO), Liquefied Petroleum Gas (LPG) and Fuel Oil. com 2024-05-28 Stop displaying forex rates in front of premises, on social media– BoG 'warns; BDCs a citizen of Ghana; or b. May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. 57/USD. CBOD-2020-21-Ghana-Petroleum-Indusrty-Report-2. Source: classfmonline. com 2022-11-05 Fuel price hikes: BDCs, OMCs raking in ‘unnecessary profits’ – K. So far, the public has paid a total of $700 million under the Debt Mar 15, 2016 · The Ministry of Finance, Bank of Ghana, Accountant-General’s Department and others all have key roles to play,” he added. 85 per litre for each of the products and peaking in the 1st Window … BDCs are considered specialty finance companies and primarily make investments in the debt and/or equity of small to mid-size companies predominantly in the U. 10 per liter, whereas diesel is selling at GH¢12. Jul 18, 2015 · Ghana's Tema Oil Refinery (TOR) has a capacity of 45,000 barrels per day. MOSL is one of the leading BDCs in Ghana and holds strategic supply relationship with Vitol Trading S. We are an advocacy institution established to help direct downstream policy, legislation and regulation and pursue research towards the development of the downstream sector. The Bulk Oil Storage and Transportation Company Limited (BOST) is to engage with other stakeholders along the value chain to ensure the smooth implementation of the ‘one-system rule’ in the petroleum downstream sector. Tekper defends TOR debt May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. It serves as the core component of an individual’s compensation package and is the starting point for calculating other benefits. gh +233 30-2666174 – 6 Apr 27, 2023 · He, however, lamented the reduction in forex allocations to the BDCs from the Bank of Ghana, pointing out that such cuts could result in increased costs at the pumps as BOST is not quite as able Mar 4, 2024 · Bulk Oil Distribution Companies (BDCs) undertook a substantive transaction with the Bank of Ghana (BoG) on February 28, 2024. By John. 8%) in 2009. 72 billion cedis recorded in 2014. He stressed that the Central Bank was able to supply $125 million in May, 214million in April and 100million dollars in June this Feb 5, 2024 · The Bank of Ghana’s dedication to supporting BDCs engaged in fuel imports is evident in its earmarking of $120 million for forex auctions in the first quarter of 2024. Apr 13, 2016 · 7 BDCs control 70% of oil trade business. The activities and operations of the Licensing Department are strongly backed by Sections 11 (1) and (2) of the NPA Act, Act 691 which stipulate that: A person shall not engage in a business Mar 13, 2021 · The National Petroleum Authority (NPA) has rescinded the operating licenses of some five Bulk Oil Distribution Companies (BDCs) engaged in Ghana’s petroleum refinery process. May 28, 2024 · General News of Tuesday, 28 May 2024. com; Mon - Fri 8. D659/4, Accra P. Its typical portfolio company boasts annual EBITDA (earnings before interest, taxes, depreciation and amortization Mar 23, 2024 · In the second quarter of 2024, the Bank of Ghana is set to auction $120 million to Bulk Oil Distribution Companies (BDCs), mirroring the amount auctioned in the first quarter of the year. Mar 25, 2024 · The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2024. A Business Development Company (" BDC ") is a form of unregistered closed-end investment company in the United States that invests in small and mid-sized businesses. The GRR serves as the base interest rate or minimum price from which the banks can each add their margin considering the risk profile of the customer and the efficiency of the bank. o Box at ? 134 Achimota Accra Greater Accra Region 002331 Precious Metal (Gh) Ltd Ghana Info Phone Accra p. Prices of petroleum products picked up in 2nd pricing Window of March, 2022 and peaked in the 1st Window, 2022, beginning US$120 million to be auctioned to BDCs in Q2 2024. The Licensing Department has the core mandate of granting licenses and permits to Petroleum Service Providers (PSPs) in the Petroleum Downstream Industry. 59% market share in 2018. 20. Download “CBOD Industry Report 2020/21”. Petrol at various fuel pumps is currently selling at about GH¢10. According to the central bank’s guidelines, the FX Forward Auctions – which are exclusive for BDCs licenced by the National Some BDCs have issued publicly traded bonds (or preferred stocks, which are treated as debt). CBOD_2019_Ghana-Petroleum-Industry-Report-Release-3. o. 60 MB. The banking sector recapitalization program was intended Oct 6, 2015 · BoG denying BDCs dollars sounds strange because the Central Bank said it was pumping $20 million a day to stabilise the cedi. 34 per liter while the price of diesel to sell at GH¢13. 63% in 2018 and supplied most of the products. 30 - 17. pdf – Downloaded 691 times – 101. According to its Forex Forward Auction Calendar, $40 million will be sold to the Government of Ghana (GoG) owes BDCs about $1. Its distribution, however, fell from 647,744mt in 2017 to 645,461mt in BDCs Performance - "GAS OIL" (2012) A Chart of the performance of the Bulk Distribution Companies (BDCs) in Ghana; in the distribution of "GAS OIL" from January to December 2012. Nov 28, 2022 · There are thirty-three (33) bulk-distributing companies (BDC) in Ghana. gh +233 30-2666174 – 6 Oct 6, 2015 · BoG denying BDCs dollars sounds strange because the Central Bank said it was pumping $20 million a day to stabilise the cedi. The amount to be auction is the same as the first quarter of 2024. “The Fufex30 to be applied for the second selling window of August 16 to 31, 2019 is GH¢5. Ghana Ltd. Per the Apr 6, 2023 · The Bank of Ghana in its quarterly announcement of forex forward rates auction said it plans to sell about US$120 million in the second quarter of 2023 to authorized foreign exchange dealers and BDCs. Investment Return Comparison May 10, 2024 · Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below): BDC #4: Monroe Capital (MRCC) 5-year expected annual return: 11. Ebony Oil & Gas limited. pdf – Downloaded 8185 times – 10. gh +233 30-2666174 – 6 The BDCs were introduced into the downstream oil and gas industry with the aim of bringing in more petroleum products to supplement what Tema Oil Refinery (TOR) produces. I. Ghana Info Email Phone Accra p. Out of the 30 licensed bulk oil distribution companies (BDCs) in the country, seven of them control 70. The situation considerably impacts the Apr 30, 2023 · April 30, 2023. Base pay salary, often referred to as basic salary, is the fixed amount of money that an employee receives regularly, excluding additional bonuses, allowances, or overtime. Jan 9, 2019 · An updated AQR was done in late 2016 which informed the establishment of a recapitalization and liquidity roadmap for the banking sector. 52 billion cedis in 2015 against the 2. Per BoG’s decision, $20 million a day will translate to about $600 May 24, 2016 · Bulk Oil Distributors (BDCs) in Ghana have ruled out any positive effect of the payment of government’s outstanding debts owed them, on the prices of petroleum products. An example of investing in debt would be senior secured debt, subordinated debt, or unsecured debt. The 2020/21 Ghana Petroleum Industry Report is an amalgamation of the 2020 and 2021 Industry reports. ghanaweb. (BDCs) in Ghana to introduce broader range of petroleum products, catering to different market BDCS in Ghana conduct comprehensive market research and analysis to help businesses gain a deep understanding of consumer preferences, market trends, and competitive landscape. 1. Oct 27, 2015 · Current development within the industry in Ghana gives BDCs and OMCs related companies to take advantage of SPT within the price build up and take the market by storm The deregulation wit. gh +233 30-2666174 – 6 that the price that the BDCs (importers) would pay in case of actual import of product at the respective Ghanaian ports. Reference is made to a press release by the Chamber of Bulk Oil Distributors (CBOD) on the 10th February, 2020 announcing the final settlement in full of all legacy debts due the BDCs and Banks from the period July 2011 – June 2015 plus Aug 13, 2019 · The Chamber of Bulk Oil Distributor Companies (CBOD) has urged the Bulk Oil Distribution Companies in Ghana (BDCs) to revise their trade credit tenor to help in the reduction of fuel prices in the May 2, 2024 · Results of BDCs Forex Forward Rates Auction No. However should the speculated increment take effect, that will make the price of petrol to sell at GH¢11. com Apr 2, 2024 · Ghana Chamber of Bulk Oil Distributors We are the advocacy, lobby and representative body for Bulk Oil Import, Distribution & Export Companies (BIDECs), Storage Depots and other affiliated Petroleum Service Providers (PSPs) in the downstream petroleum industry. Mr. 2 million litres out of the 22. Junction of Kojo Thompson and Adjabeng Roads, House No. 78 billion as at the end of 2016 as a result of unpaid foreign exchange under recoveries and interest payments. Business development companies are attractive choices Feb 25, 2023 · The petroleum downstream observed a market turbulence in Ghana in 2022. gh +233 30-2666174 – 6 Jul 22, 2021 · After close to 15 months of “crunch engagements” with the eight BDCs, the in-house committee validated 8. Apply. Seizing the opportunity presented by the central bank’s forex forward auction, these entities collectively acquired $20 million at a rate of GHS 12. . Aug 22, 2019 · The CBOD, which is an advocacy group for bulk oil distributing companies (BDCs), tracks the movement of FX and its implication on ex-pump prices of refined petroleum products. The Ghana Chamber Bulk Oil Distributors (BDCs) has appealed to Oil Marketing Companies (OMCs) to further reduce prices of petroleum products to reflect reliefs they are getting from them. Ex-refinery price indicator May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. 72 per US dollar. Per the Apr 4, 2022 · The Bank of Ghana has taken steps to address the perennial shortage of dollars for the local petroleum sector, with the introduction of a foreign exchange forward auction for Bulk Oil Distributing Companies (BDCs). gh +233 30-2666174 – 6 a citizen of Ghana; or b. Quick Links Mar 7, 2021 · 7 March 2021 2:03pm. Further breakdown suggests that $20 million each will be sold on July 14 and 28. The company is registered to engage in May 27, 2023 · Business News of Saturday, 27 May 2023. Fueltrade operates under a vertically integrated value chain including Oil Marketing Company (OMC) GASO Petroleum and shipping services company Bulk Ship and Trade Limited (BST). Per BoG’s decision, $20 million a day will translate to about $600 Business Development Company. (Source: National Petroleum Authority) Gas Oil also known as diesel distillate; is commonly used as fuel to power diesel engine vehicles and machinery such as generators. gh +233 30-2666174 – 6 + (233) 30 279 7871; cbod@cbodghana. Prices of petroleum products picked up in 2nd pricing Window of March, 2022 and peaked in the 1st Window, 2022, beginning with an average price of diesel and petrol at Ghc6. Aug 20, 2021 · BDCs earn income from their loan books, mark-to-market gains, and origination and early repayment fees. A total of $420 million is expected to be sold to Bulk Oil Distribution Companies (BDCs) in the final quarter of 2022 as part of the Bank of Ghana (BoG) Foreign Exchange Forward Auction. 0052 Held on May 14, 2024 CONTACT US One Thorpe Road P. Mar 28, 2024 · Forex Forward Auction Calendar for BDCs – January to March 2023. , Imperial Energy Ltd Dec 28, 2023 · The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the first quarter of 2024. Jul 1, 2020 · Global crude and refined product price fluctuations is causing distress and taking a heavy toll on Ghana’s downstream markets, resulting in Bulk Oil Distributors losing millions of dollars, and throwing many indigenous Oil Marketing Companies out of business. Conversely, unrealized losses from mark-to-market changes in loan values and realized loan May 14, 2024 · Results of BDCs Forex Forward Rates Auction No. 10 MB Aug 13, 2019 · The Chamber of Bulk Oil Distributor Companies (CBOD) has urged the Bulk Oil Distribution Companies in Ghana (BDCs) to revise their trade credit tenor to help in the reduction of fuel prices in the Mar 7, 2021 · 7 March 2021 2:03pm. All prospective applicants from Ghana can follow the guidelines here to apply for a Schengen visa while visiting Spain as their main country of destination. B. T Hammond Jul 17, 2015 · July 17, 2015. 63 per liter. Ebony has also acquired a Petroleum Export License that allows it to export finished Sep 19, 2022 · On September 19, 2022, 3:19 PM. A. is a Bulk Distribution Company (BDC) licensed by the National Petroleum Authority, to import and export refined petroleum products to Oil Marketing Companies as well as other BDCs. ” B. BDC’s currently struggle to access fuel from different depots other than where they lodged their products. Aug 6, 2020 · The top five increased their shares on the market from 56. May 14, 2024. Read Article. According to its Forex Forward Auction Calendar, $40 million will be sold to the BDCs in each month of quarter two, […] Jul 10, 2023 · Business News of Monday, 10 July 2023. The Report extensively reviews Ghana’s upstream and downstream petroleum sectors spanning policy, finance, infrastructure, and market activities in 2020 and 2021 The Report also highlights key developments and risks faced by Over the years, Fueltrade has firmly established itself as one of the leading BDCs in Ghana. This commitment underscores the central bank’s proactive stance in fostering a stable forex market and safeguarding overarching price stability, a move that is integral to Address. Source: www. Oil and natural gas find and petroleum operations in every economy provide three significant economic benefits. Mar 23, 2024 · In the second quarter of 2024, the Bank of Ghana is set to auction $120 million to Bulk Oil Distribution Companies (BDCs), mirroring the amount auctioned in the first quarter of the year. Download. Jul 10, 2023 · The Bank of Ghana will in the third quarter of 2023 sell $120 million to Bulk Oil Distribution Companies (BDCs) under the FX Forward Auction Calendar for the same period. of ev hr di bs cf yi pm yx ua