Prempeh applauds BOST for making GHS164m profit in 2021

Energy Minister, Dr. Matthew Opoku Prempeh has expressed delight in Bulk Oil Storage and Transportation Company’s (BOST) achievement in the 2021 financial year.

He expressed this delight when he addressed stakeholders and members of management during their Annual General Meeting (AGM) on Wednesday, 14 September 2022, at the Movenpick Ambassador Hotel, Accra.

In his remarks, he indicated his desire to see BOST thrive.

He described a s remarkable achievement the company’s profit before tax of GHS164 million in 2021, from a previous figure of GHS2 million.

“This is also happening at a time, where the company is making assiduous efforts at extricating itself from a quagmire of protracted debts”, he said.

This, he said was a testament that with the right leadership and set of attitudes, State Owned Enterprises (SOEs) can grow to feed the government with the revenue required for progress.

He urged the Ministry responsible for Public Enterprises and the State Interests and Governance Authority (SIGA) to leave no stone unturned in encouraging SOEs to deliver on their mandate, helping government to make the lives of the people better, using the BOST story as a perfect blueprint.

The Minister, who is also the MP for Manhyia South said he was confident that, if BOST sustains the current momentum, more successes will be chalked for the overall benefit of the citizens of the country.

“This is crucial, especially as government works to ensure that BOST is resourced to fulfill its mandate of ensuring the nation’s fuel security,” he stated.