IERPP calls for withdrawal of proposed NPA Bill, raises concerns over BOST mandate
The Institute of Economic Research and Public Policy (IERPP) has called on the government and Parliament to withdraw the proposed National Petroleum Authority (NPA) Bill, warning that it could undermine the mandate of the Bulk Oil Storage and Transportation Company (BOST) if passed in its current form. Executive Director of IERPP, Professor Isaac Boadi, said the proposed legislation could have…
The Institute of Economic Research and Public Policy (IERPP) has urged the government and Parliament to withdraw the proposed National Petroleum Authority (NPA) Bill, citing concerns over its potential impact on BOST's mandate and Ghana's fuel security. Professor Isaac Boadi, the institute's executive director, warned that the bill could undermine BOST's role in maintaining strategic fuel reserves and supply during disruptions.
Boadi expressed disbelief at the lack of consultation with key stakeholders prior to the bill's introduction, calling for a thorough review and consultation process. He raised particular concerns about the bill's potential effects on BOST, which employs approximately 689 staff, with half potentially losing their jobs if the bill is passed as is.
Boadi also highlighted the need to maintain Ghana's fuel-security arrangements and protect critical national petroleum assets, emphasizing that any changes to the petroleum-sector regulatory framework should preserve these elements.
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