Energy expert Mr Benjamin Nsiah is advocating for the reallocation of the Bulk Oil Storage and Transport (BOST) margin, currently charged at 12 GHp per litre of fuel, to an infrastructure fund aimed at developing Ghana's downstream oil sector. 

Mr Nsiah criticized the current management of BOST, alleging that the funds collected are being misused.

He accused management of not using the funds for the intended purposes

According to Mr Nsiah, instead of utilizing the BOST margin for the intended purpose of developing the downstream petroleum sector, BOST waits until the end of the year to declare the funds as profit. 

He expressed concern over this practice and called for a thorough investigation into BOST's activities.

Mr Nsiah also urged the Minister of Finance to take over the collection of the 12 GHp margin and rebrand it as an infrastructure fund, which he believes would better serve the interests of the Ghanaian people.

 He emphasized that the current use of the margin is not fulfilling its original purpose.

"The downstream petroleum sector needs transformation, and BOST, which has the mandate to ensure this transformation, is failing to live up to its responsibilities," Nsiah stated. 

He criticized BOST's management for simply collecting the funds and presenting them as profit, rather than using them to drive sectoral improvements.

Mr Nsiah made these remarks during an appearance on Kessben FM's morning show on Friday, August 16, 2024, where he discussed the state of the energy sector and the need for reforms to ensure the funds collected are used effectively to benefit the country