The Institute of Economic Research and Public Policy (IERPP) has urged Parliament to review the proposed National Petroleum Authority (NPA) Bill, 2026, arguing that some provisions could weaken the operational and financial capacity of the Bulk Oil Storage and Transportation Company (BOST) Energies
IERPP said the concerns were particularly important because BOST recorded a net profit of GH¢683.96 million in 2025, up from GH¢398.40 million in 2024.
According to the institute, BOST’s total revenue also increased from GH¢1.33 billion in 2024 to GH¢3.84 billion in 2025, while its operating revenue rose to GH¢3.81 billion.
It said BOST’s improved financial performance, lower debt levels and stronger ability to meet its obligations showed that the company was becoming more financially sustainable.
IERPP, however, expressed concern that the proposed legislation could give the NPA and the sector minister greater control over areas it believes BOST needs to manage independently.
The institute questioned how BOST could effectively manage Ghana’s strategic fuel reserves if decisions on funding, stock levels, release and replenishment remained subject to other authorities.
It also raised concerns about regulatory approval for BOST’s storage, trans-shipment and pipeline charges, warning that delays or inadequate tariffs could undermine the company’s ability to maintain critical petroleum infrastructure.
IERPP further cautioned that increased licensing of competing private depots could affect BOST’s commercial operations while leaving the state-owned company with the cost of maintaining infrastructure required for national fuel security.
The institute called on Parliament and government to withdraw and review the Bill, clearly define BOST’s mandate, keep strategic fuel reserves under national control and provide dedicated funding for the reserves and critical infrastructure.
It also called for a transparent, cost-reflective tariff mechanism and measures to prevent unfair competition against BOST.
The Executive Director of IERPP, Prof. Isaac Boadi, said the NPA should remain an effective regulator rather than taking on functions that could make it a participant in the petroleum market.
“Responsibility without authority is unfair. Responsibility without funding is unsustainable,” he said.
Ghana|Atinkaonline.com|Nana Yaw Fianko
