May 19, 2026
News
Contractors executing the Sunyani Outer Ring Road project, under the government’s ‘Big Push’ road infrastructure initiative have assured quality works, pledging to complete the 34-kilometer-dual-carriage asphaltic road, even before the stipulated period.
They expressed appreciation for the cooperation received from traditional authorities, residents and all stakeholders so far, however, pleaded with the residents to stay off the project.
President John Dramani Mahama performed the ground breaking ceremony for the 34-km Sunyani Outer Ring Road project on December 21, 2025, under the “Big Push” to boost economic growth, reduce congestion, and improve connectivity in the regional capital.
During a visit, Mr Kofi Kamkam, the Site Engineer of the Kofi Job Company Limited told the Sompa FM that the project was expected to be completed in two years, however added that with the level of cooperation from stakeholders, the project be completed before the stipulated period.
He explained that the road project linked communities like Fiapre, Nanketewa, Old Abesim as well as Old Odomase and New Odomase, connecting to the main Sunyani-Berekum and Sunyani-Abesim highways.
Mr Kamkam said presently, the company was undertaking major earth works as well as the construction of the 26 bridges (box culvert) on the road.
He said the major challenge confronting the execution of the project now had to do with the closure of the 13 largely open pits, to be left at the center of the double-lane, explaining that per the contract the company was to leave those pits opened.
Sompanline.com/K.Peprah
The National Petroleum Authority (NPA) has increased the minimum price levels for petroleum products for the second pricing window of February 2026
The new price floor takes effect from February 16 to 28, 2026.
Under the directive, no Oil Marketing Company (OMC) is permitted to sell petrol below GH¢10.24 for the next two weeks.
This represents an increase over the first pricing window, during which the price floor was GH¢9.99.
Diesel has also been increased from GH¢10.95 in the previous window to GH¢11.34 for the February 16–28 period.
The price floor for LPG has also been raised to GH¢9.43 per kilogram.
Under the new thresholds, no OMC or LPG Marketing Company (LPGMC) may sell petroleum products below the approved price floors during the period.
The development means companies currently selling below these levels will be required to adjust pump prices upward to comply with the directive.
It could also force several OMCs to increase prices, including those that had initially planned to keep prices unchanged due to competition
Chamber of Oil Marketing Companies on the new price floor
The Chamber of Oil Marketing Companies has reminded all OMCs and LPGMCs to comply with the established price floors under the Petroleum Products Pricing Guidelines.
The Chamber said the price floors exclude premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies (BIDECs), and the marketers’ and dealers’ margins of OMCs and LPGMCs.
According to the Chamber, these costs will be determined independently by the respective companies as stipulated under the Petroleum Products Pricing Guidelines.
It appealed to all OMCs and LPGMCs to strictly comply with the approved ex-pump price floors.
The Chamber said adherence to the directive is necessary to maintain market stability, protect consumers, and ensure fairness across the industry.
Background
In April 2024, the NPA implemented a price floor policy for petroleum products.
The directive requires OMCs and LPGMCs to comply strictly with the minimum prices set for fuel sales.
According to the NPA, the policy was introduced to prevent price distortions and promote market stability within the downstream petroleum sector.
The Authority said the initiative aligns with the Petroleum Pricing Guidelines and is intended to enhance transparency, sustainability, and fairness in the fuel market.
The NPA has also argued that the policy would create a more predictable and balanced pricing structure, benefiting consumers while ensuring fair business practices.
It added that the decision followed recommendations from industry players, citing non-compliance by some operators, including what it described as “serious price undercutting.”
Industry concerns on price floor
The latest adjustment comes amid an intense industry debate that has led market leader Star Oil to exit the Chamber of Oil Marketing Companies (COMAC).
Following an emergency board meeting, a majority of COMAC members voted to allow the NPA to proceed with implementing the price floor programme.
COMAC has argued that the policy is necessary to prevent the downstream petroleum industry from “collapsing.”
However, Star Oil has maintained that the price floor limits its ability to set competitive prices based on prevailing market conditions
Credit/Myjoyonline
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