BOST to lose GH¢40m from suspended margins on fuel - Deputy MD

The Deputy Managing Director of Bulk Oil Storage and Transportation Company Limited (BOST), Nat Salifu Acheampong, has disclosed that the company risks losing close to GH¢40 million in April alone following government’s suspension of the BOST margin on diesel.

Speaking in an interview with JoyNews on Monday, April 20, 2026, Acheampong explained that while the margin on petrol remains intact, its removal on diesel will significantly affect the state-owned company’s operations and infrastructure projects.

“We still have the margin on petrol. It is only on diesel that we do not have the margin,” he said, adding that government has assured the suspension is temporary.

“So we are appealing to Parliament to also sing our song,” he added.

Acheampong noted that BOST relies heavily on the margin to finance critical infrastructure, including the replacement of its Accra-to-Akosombo pipeline.

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The existing six-inch pipeline is slated to be upgraded to a 12-inch line to improve efficiency and serve the entire country.

“All these facilities you have seen, we need to replace the pipeline from Accra to Akosombo. And bear in mind, all this pipeline will be for the benefit of the whole country,” he said.

“If we lose the BOST margin completely, what it means is that we will not be able to replace the existing pipeline.”

He stated that the monthly impact of the suspension is substantial, warning that within April alone, the company stands to lose about GH¢40 million.

“GH¢40,000,000 off our books is serious business. If we lose that consistently over a period, our operations will be adversely affected,” he stated.

Acheampong urged Parliament to ensure the margin is restored once the current crisis eases, stressing that the funds are essential for BOST to continue fulfilling its mandate.

“We are appealing to the powers that be; when the crisis is over, they will restore the BOST margin for the good people of Ghana,” he added.

The BOST margin is a levy on petroleum products used to fund the company’s role in maintaining strategic fuel reserves and national fuel infrastructure.

SO/SA

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