Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Wednesday, August 26
    Trending
    • Ethiopia to Host Second African Political Parties Summit
    • Joy FM Brings Back Back-to-School Discount Fair
    • Mahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels Complex
    • NSA, Ohio University Sign MOU to Strengthen Workforce Readiness
    • Oscar Naasei Close to Real Madrid Move
    • GES Activates WAEC Portal for 2026 SHS Placement Exercise
    • Parliament to Vet Zanetor Agyemang-Rawlings as Environment Minister-Designate
    • Beyond LNG: How Qatar’s First EV Plant Marks the Next Frontier of Qatar National Vision 2030
    Janelle Coronation
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunities
    • 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

    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

    MGD News  is managed by the Publishing Desk. You can reach us via email; info@myghanadaily.com

    Related Posts

    Beyond LNG: How Qatar’s First EV Plant Marks the Next Frontier of Qatar National Vision 2030

    August 25, 2026

    Government Targets 70% 5G Population Coverage by 2028

    August 18, 2026

    Inflation Falls to 4.6% in July, First Decline After Three-Month Rise

    August 6, 2026
    LATEST NEWS
    • Ethiopia to Host Second African Political Parties Summit
    • Joy FM Brings Back Back-to-School Discount Fair
    • Mahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels Complex
    • NSA, Ohio University Sign MOU to Strengthen Workforce Readiness
    • Oscar Naasei Close to Real Madrid Move
    SPORTS NEWS

    Teenager Gwen Klu to Represent Ghana at Billie Jean King Cup in Botswana

    July 13, 2026

    MILO U-13 Champions League Returns After Five-Year Break

    November 17, 2025

    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
    Site Search
    • About
    • Privacy
    • Terms of Service
    • Contact
    Latest News

    Ethiopia to Host Second African Political Parties Summit

    August 25, 2026

    Joy FM Brings Back Back-to-School Discount Fair

    August 25, 2026

    Mahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels Complex

    August 25, 2026

    NSA, Ohio University Sign MOU to Strengthen Workforce Readiness

    August 25, 2026
    About
    About

    myghanadaily.com is one of Ghana’s fastest-growing news platforms, delivering high-quality, creative, and independent news

    Contact us: info@myghanadaily.com

    We're social, connect with us:
    [social]
    [social]
    [social_icon link="https://web.facebook.com/myghanadaily" target="_blank" title="Facebook" type="facebook" /]
    [social_icon link="https://twitter.com/myghanadaily" title="Twitter" type="twitter" /]
    [social_icon link="https://www.instagram.com/myghanadaily/" title="Instagram" type="instagram" /]
    [social_icon link="https://www.linkedin.com/company/ghanadaily/?viewAsMember=true" title="LinkedIn" type="linkedin" /]
    [social_icon link="https://www.youtube.com/channel/UC_7Vo_hD-KN5TelebUlHthw?view_as=subscriber" title="Youtube" type="youtube" /]
    [social_icon link="https://medium.com/ghana-stories" title="medium" type="medium"]
    [/social]

    Popular Posts

    Ethiopia to Host Second African Political Parties Summit

    August 25, 2026

    Joy FM Brings Back Back-to-School Discount Fair

    August 25, 2026

    Mahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels Complex

    August 25, 2026

    © 2020-2024. MyGhanaDaily. All Rights Reserved

    • About
    • Privacy
    • Terms of Service
    • Contact
    Recent Posts
    • Ethiopia to Host Second African Political Parties Summit
    • Joy FM Brings Back Back-to-School Discount Fair
    • Mahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels ComplexMahama to Cut Sod for New Airport Car Park and Hotels Complex
    • NSA, Ohio University Sign MOU to Strengthen Workforce Readiness
    • Oscar Naasei Close to Real Madrid Move
    Like Us On Facebook
    Loading...
    • Facebook
    • Twitter
    • Instagram
    Banner
    © 2019 -2025 Copyright | MyGhanaDaily.com

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