The African Centre for Energy Policy (ACEP) is calling for a change of all petroleum margins into tax revenues to free up some 6.3 billion cedis for government.

According to Policy Lead, in charge of Petroleum and Conventional Energy at ACEP, Kudzo Yaotse this will free up some GH₵6.3 billion in annual revenues to fund critical projects.

Speaking at a press conference on Ghana's Downstream Petroleum sector, he said social programmes such as the Free Senior High School policy is confronted with challenges, hence the need to channel some of the funds to the educational sector and other areas.

"Convert the UPPF, BOST Margin, Fuel Marking Margin and CRM Margin into tax revenues and redirect these revenues towards developmental projects. This would save the economy with some GH₵6.3 billion to support social programmes and infrastructure," he stressed.

Mr. Yaotse further called for the commercialization of the Bulk Oil Storage and Transportation.

He said government should prioritize addressing the energy sector debts in the short to medium term period.

"We need to commercialize BOST and list it on the stock exchange. This will ensure transparency and accountability in BOST's operations while reducing the burden on consumers. There is the need to address the energy sector debts for developmental purposes, "he maintained.