BOST has been phenomenal under my tenure, says Energy Minister
Opoku Prempeh lauded BOST for its pivotal role in the implementation of the Gold for Oil Policy, which he says has contributed significantly to stabilising the cedi
The Minister of Energy Dr Matthew Opoku Prempeh has described Bulk Oil Storage and Transportation Company Limited (BOST) as one of the most successful state-owned companies under his tenure.
Opoku Prempeh lauded BOST for its pivotal role in the implementation of the Gold for Oil Policy, which he says has contributed significantly to stabilising the cedi.
Speaking at a Thanksgiving Service at the Cathedral Church of Most Holy Trinity over the weekend as part of 30th anniversary of BOST in Accra, Opoku Prempeh said the company now positioned to play a critical role in the country’s energy transition.
“…From a company saddled with debts and almost a decade of losses, 50% of its depots were not functioning and only 18% of its revenue earning assets were active, and all pipes were down.
“It pleases the hearts and minds that the board of directors and management of the company have over the last few years turned the company around, through their unwavering commitment to excellence and innovations we have seen a remarkable turnaround …”
“A company that has achieved two successive years of profit, GHC163 million in 2021 and another GHC343 million in 2022, people are now beginning to think your success is getting embedded in the workplace,” he said
Listen to Dr Matthew Opoku Prempeh in the attached audio clip below:
The Energy Minister also commended the workers of BOST for their contribution towards the growth of the company.
On his part, the managing director of BOST Oscar token to the church 500,000 towards the renovation of one of the blocks of HOTCASS Senior High School.
Below are some pictures from the thanksgiving service:
Reporting by Fred Dzakpata in Accra
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale, Azay Fm 89.1 in Takoradi
Tune in to broadcasts online: asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#Asaase321
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand
#SafeMotorway4All
