A former Managing Director of the Bulk Oil Storage and Transportation Company (BOST), Dr Edwin Provencal, has stated that he is not opposed to any lawful investigation into the Gold-for-Oil (G4O) programme, emphasising that due process should be applied if any untoward findings are uncovered. Responding to a forensic risk assessment report by policy think […]
The former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Dr Edwin Alfred Nii Obodai Provencal has robustly defended Ghana’s ‘Gold for Oil’ (G4O) initiative against recent criticisms. This comes in response to remarks by Dr Riverson Oppong, CEO of the Association of Oil Marketing Companies (AOMC), who questioned the programme’s […]
The Bulk Oil Storage and Transportation Limited Company (BOST) has posted a profit after tax of GH¢342 million for last year, the second time in 11 years. Up from the GH¢160.72 million recorded in 2021, the 112 per cent growth marks the state-owned company’s second successive profit in two years after 10 previous years of […]
The first consignment of the Gold for Oil Policy by the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and discharged into the receptacles of Bulk Oil Storage and Transportation Company (BOST), Graphic Online has gathered. The 41,000 metric tonnes of the petroleum products […]
The Bulk Oil Storage and Transportation Company Limited (BOST) has surcharged six transporters for adulterating petroleum products worth GH¢3,445,200.00 at its Kumasi depot last year. This follows the discovery of adulterated fuel by the company during pre-discharge testing processes at its depot last year. Investigations by the committee set up to probe the incidence showed […]
The Bulk Oil Storage and Transportation Company Limited (BOST) is set to commence rehabilitation and expansion works on its petroleum transmission lines from Tema to Akosombo. This follows the delivery of 5,400 pieces of 12-inch pipes from the Unites States of America. The pipes, procured in 2009 for $63.2 million through a US Eximbank facility […]
The management of the Bulk Oil Storage and Transportation Company Limited (BOST) has saved $20 million on claims it would have paid to eight Bulk Distribution Companies (BDCs). The Managing Director of BOST, Mr Edwin Alfred Provencal, who disclosed this to the Daily Graphic in an exclusive interview, said the companies had put in a […]
George Mensah Okley, an energy expert, who, until a year ago, was the Managing Director of the Bulk Oil Storage and Transportation (BOST) company, has been confirmed dead yesterday. Very reliable sources in executive management position at the company and its Senior Staff Association confirmed to the B&FT that he passed on after a short […]
The Management of the Bulk Oil Storage and Transportation Company, BOST, is confident its agenda to turn around the fortunes of the loss-making entity is on course following its ability to fully settle a 12-year old credit facility contracted from GCB Bank. The loan sourced from GCB in 2008 has been in arrears and attracted […]
“It is not my job to clear or convict any person accused of wrongdoing, or of engaging in acts of corruption. My job is to act on allegations of corruption by referring the issue or issues to the proper investigative agencies for the relevant enquiry and necessary action. That is exactly what has been done […]
Confirmed reports available to BestNewsGH.com reveals that the Managing Director of the Bulk Oil Storage and Transportation (BOST), Mr George Okley has resigned. BestNewsGH.com sources at the presidency said Mr. Okley tendered in his resignation to the Office of the President on Friday, August 23, 2019. Even though reasons for his resignation remains sketchy, it is […]
Deputy Managing Director of the Bulk Oil and Storage Transportation (BOST), Moses Asem has been arrested for using a siren in his V8 to beat traffic on the Dawenya highway. Mr. Asem who is a former District Chief Executive (DCE) for North Tongu was arrested with 29 other errant drivers today, Saturday. In his defense however, […]
