Benjamin Nsiah, Executive Director of CEMSE
Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Benjamin Nsiah has ignited a storm of controversy, accusing the management of Bulk Oil Storage and Transport (BOST) of a staggering misuse of funds intended to bolster Ghana’s oil sector.
Nsiah has slammed the company for what he describes as a shocking misallocation of the BOST margin—a 12 GHp per litre fuel levy—demanding that it be redirected into an infrastructure fund that would genuinely benefit the nation’s downstream petroleum sector.
In a no-holds-barred appearance on Kessben FM’s ‘Maakye’ show on Friday, August 16, 2024, Nsiah didn’t mince words, accusing BOST of pocketing the funds and waiting until the year’s end to declare them as profit rather than investing in much-needed infrastructure. “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 fumed.
Nsiah’s explosive remarks have sent shockwaves through the energy sector, with calls mounting for a thorough investigation into BOST’s handling of the funds. He urged the Minister of Finance to step in and take over the collection of the 12 GHp margin, rebranding it as an infrastructure fund. This, he argued, would better serve the interests of the Ghanaian people, ensuring that the money is used to improve the sector rather than being siphoned off as profit.
The energy guru’s revelations have put BOST in the hot seat, with many Ghanaians now questioning where their hard-earned money is going. Is this just the tip of the iceberg? As the calls for accountability grow louder, all eyes are on BOST and the government to see how they’ll respond to this damning indictment.
About The Author
