The Vice President of Ghana, Dr Mahamudu Bawumia has described the Bulk Oil Storage Transportation firm as a shining example of an effectively run state enterprise after it changed its fortunes from a debt-riddled company to a profit-making organization under its current management.
Speaking at the commissioning of the new state of the art office complex of the firm yesterday, 15 March 2023, Dr Bawumia said BOST plays a critical role in the economic architecture of Ghana and said through the special initiative of the board and management of BOST regarding the introduction of the Gold for Oil policy Ghana is presently benefiting from stable petroleum prices.
The Vice President further announced that consumers of petroleum products should expect a further decrease in the prices of fuel at the pumps as a result of the implementation of government’s Gold for Oil Policy.
Already, the national average price for petrol and diesel currently stands at GH¢13.53 and GH¢13.69 respectively.
The new twin-tower block built at a cost of some $39 million and located at Dzorwulu, will serve as the permanent office of the state-owned company.
On his part, the Board Chairman of BOST, Mr. Ekow Hackman said the new office building brings to an end years of the company moving its management operations from one office to another to a now permanent structure.
He noted that the 7-story office building will give workers of the company comfort to go about their daily duties and will inure to the overall success of the company which is now posting profits.
The new head office building boasts of various facilities such as conference rooms, offices, kitchenettes, a cafeteria, washrooms, and a 100-capacity underground car park.
Present at the ceremony was the Managing Director of BOST, Edwin Provencal, board members of BOST, senior government officials and staff of the company.