The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has raised concerns over inefficiencies and mismanagement in Ghana's downstream energy sector, calling for urgent reforms to optimize tax revenue and improve accountability.
Speaking to Alfred Ocansey on TV3's the Keypoints on Saturday, January 11, 2024, on the current state of the Bulk Oil Storage and Transportation Company Limited (BOST), Mr.
Boakye criticized the institution for straying from its core mandate of maintaining strategic fuel stocks and instead engaging in commercial activities that compete directly with private sector Bulk Distribution Companies (BDCs). "BOST was established to build capital and compete internationally while keeping strategic stocks.
However, it has shifted focus to commercial operations, which not only competes unfairly with BDCs but also renders them inefficient in global competition," Mr.
