Bulk Oil Storage and Transportation (BOST) has cleared all its debts, including a significant 160 million cedis bank debt, with the help of the government and its own funds.
Managing Director, Dr. Edwin Alfred Nii Obodai Provencal revealed that the company had also paid rent fees of over 7 million dollars for pipelines that were not shipped to Ghana due to a change in government.
Speaking to Kwaku Dawuro on Movement In The Morning show on Movement TV, the MD said that despite this setback, BOST has bounced back and is now focused on maintaining its profitability and efficiency.
“We’ve learned from our mistakes and are moving forward,” Dr. Provencal said.
“We’re committed to transparency and accountability, and we’re proud to have cleared our debts and overcome the pipeline controversy.”
The debt clearance is a significant achievement for BOST, which had faced criticism for its financial management in the past.
The company’s ability to overcome the pipeline controversy and emerge stronger is a testament to its resilience and determination.