The Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST) Edwin Alfred Provencal has hinted at positive gains in the operations of the company.
The MD who was addressing a section of the media at the Ministry of Information mentioned that the inefficiencies that existed in prior years have been reduced to the barest minimum.
He reiterated the government’s commitment towards making BOST a profitable business entity that is uniquely positioned to take advantage of the AFCFTA.
He said “the BOST, we are happy to say that we’ve put in place within the short period of time over fifteen processes that will now help guide how BOST is run as a corporate entity and we are very proud about that as well.”
“That almost dead organization called BOST that had a 624 million trade debt, we are happy to inform you that we paid it down to 39 million dollars and we are working with the government to fully clear these ones.”
He went on “In terms of the BDC claims, we have saved this country 26 million dollars. In terms of our assets that were stuck overseas since 2011, we are happy to tell you that finally by end of November this year, those assets will be in-country and construction will start.
“With our revenue-earning assets, we have improved it from 17% to 75% within two years. We believe strongly that BOST is positioned to take advantage of its AFCFTA to ensure that Ghana stands in the league of nations when it comes to the export of finished products,” he added.