Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Thursday, October 23
    Trending
    • Akua Owusu-Nartey Appointed Group CEO of WPP Scangroup and Ogilvy Africa
    • GTA CEO Urges Women to Prioritize Regular Health Screenings to Fight Cancer
    • Producer Price Inflation rises slightly to 3.2% in September
    • Prudential Bank halts selective salary increase after ICU intervention
    • High Court grants Gifty Oware-Mensah GHC10m bail, placed on Stop List
    • President cuts sod for Takoradi-Cape Coast dualization project
    • MoFA releases 25,000 bags of fertiliser
    • New AVCA report reveals Ghana’s pension funds could unlock over US$1 billion for private capital investment
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»Economic»CEMSE proposes removal of BOST margin
    Economic

    CEMSE proposes removal of BOST margin

    MGD NewsBy MGD NewsSeptember 9, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Fuel Pumps 750x375 1
    Getting your Trinity Audio player ready...

    The Centre for Environmental Management and Sustainable Energy (CEMSE) has renewed calls for the government to scrap the BOST margin, arguing that it has become an unnecessary burden on consumers and businesses in Ghana.

    The levy, introduced to support the Bulk Oil Storage and Transportation Company (BOST) in maintaining storage and distribution infrastructure, has quadrupled in just five years — rising from Ghc0.03 per litre in 2020 to Ghc0.12 per litre by August 2025.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    During that time, BOST’s revenue from the levy shot up from Ghc211 million in 2020 to more than Ghc424 million by 2023, even as critics say the funds have been poorly managed.

    “Spending on training, seminars, and conferences surged from Ghc3 million in 2020 to Ghc20 million in 2023, while the much-publicized Afram Plains pipeline project remains incomplete, with some imported pipes declared unfit for purpose.”

    “At the same time, BOST has become a profitable business, posting billions of cedis in terminal and commercial revenues. “If other limited liability companies like TOR or ECG don’t receive free levies, why should BOST?” CEMSE asked.

    The centre in a report warned that the levy has a direct impact on fuel prices and by extension, on transport costs, inflation, and household budgets.

    “In a deregulated market where private players already handle 80% of storage and transport, CEMSE argues the margin is redundant and gives BOST an unfair advantage. Every extra pesewa added to fuel prices pushes up the cost of living. The BOST margin is no longer a safety net, it’s a hidden tax,” the group said, calling for its immediate removal.

    Source: myghanadaily

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    Economics
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMampong Research Centre for Plant Medicine Launches 50th Anniversary
    Next Article FirstBank Ghana to commission Tamale branch transformation
    MGD News

    myghanadaily.com

    Related Posts

    Producer Price Inflation rises slightly to 3.2% in September

    October 23, 2025

    New AVCA report reveals Ghana’s pension funds could unlock over US$1 billion for private capital investment

    October 22, 2025

    Fitch raises Ghana’s 2025 growth forecast to 4.9%

    October 21, 2025
    LATEST NEWS
    • Akua Owusu-Nartey Appointed Group CEO of WPP Scangroup and Ogilvy Africa
    • GTA CEO Urges Women to Prioritize Regular Health Screenings to Fight Cancer
    • Producer Price Inflation rises slightly to 3.2% in September
    • Prudential Bank halts selective salary increase after ICU intervention
    • High Court grants Gifty Oware-Mensah GHC10m bail, placed on Stop List
    SPORTS NEWS

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025

    Ayew Stays Positive as Foxes Target Quick Response

    August 21, 2025
    Recent Posts
    • Akua Owusu-Nartey Appointed Group CEO of WPP Scangroup and Ogilvy Africa
    • GTA CEO Urges Women to Prioritize Regular Health Screenings to Fight Cancer
    • Producer Price Inflation rises slightly to 3.2% in September
    • Prudential Bank halts selective salary increase after ICU intervention
    • High Court grants Gifty Oware-Mensah GHC10m bail, placed on Stop List
    Like Us On Facebook
    Facebook Pagelike Widget
    • Facebook
    • Twitter
    • Instagram
    © 2019 -2025 Copyright | MyGhanaDaily.com

    Type above and press Enter to search. Press Esc to cancel.