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BOST clears GH¢237m debt to banks - Denies claims of underperformance

Date: May - 06 - 2021 , 09:46
BY: Emmanuel Bruce
• Mr Edwin Alfred Provencal - CEO, BOST
The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country.
The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin.
In a release issued by BOST, the company noted that it had also paid $573 million out of its $623 million debt to suppliers and related parties, and successfully vetted the $36 million claims from products lost claims from Bulk Distribution Companies (BDCs) down to $14.8 million. ....

Upper East , Ghana General , Bulk Oil Storage , Fidelity Bank , Transportation Company Limited , Tema Akosombo Petroleum Product Pipeline , Buipe Bolgatanga Petroleum Product Pipeline , Institute For Energy Security , Bulk Distribution Companies Bdcs , National Petroleum Authority , Bulk Distribution Companies , Maame Water Depots , Bulk Road Vehicle Truck Park , Energy Security , Primary Distribution Margin , மேல் கிழக்கு , கானா ஜநரல் , மொத்தமாக எண்ணெய் சேமிப்பு , நம்பகத்தன்மை வங்கி , போக்குவரத்து நிறுவனம் வரையறுக்கப்பட்டவை , நிறுவனம் க்கு ஆற்றல் பாதுகாப்பு , தேசிய பெட்ரோலியம் அதிகாரம் , மொத்தமாக விநியோகம் நிறுவனங்கள் , ஆற்றல் பாதுகாப்பு , ப்ரைமரீ விநியோகம் விளிம்பு ,

Disregard IES Twisted Interpretation Of BOST Increased Margin - Ghanaians Told

The Head of Corporate Communications and External Affairs for Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Marlick Adjei has debunked the release from the stables of the Institute for Energy Security (IES) regarding BOST increased margins.
From the release of the Institute for Energy Security (IES), a respected civil society organization, it is asking the government for a withdrawal of the purported upward adjustments in the margins as the petroleum margins were reviewed through the regulator of the petroleum downstream, National Petroleum Authority (NPA).
According to the Head of Corporate Communications and External Affairs of BOST, the concern of the company about the release of IES has to do with the sensationalized interpretation of the increase in the BOST margin. ....

Upper East , Daniel Adu Darko Peacefmonline , Marlick Adjei , Fidelity Bank , Affairs For Bulk Oil Storage , Ghana Commercial Bank , Bulk Distribution Companies Bdcs , Tema Akosombo Petroleum Product Pipeline , Institute For Energy Security , Buipe Bolgatanga Petroleum Product Pipeline , Head Of Corporate Communications , National Petroleum Authority , Corporate Communications , External Affairs , Bulk Oil Storage , Company Limited , Energy Security , Primary Distribution Margin , Bulk Distribution Companies , Buipe Bolgatanga Petroleum Product , Bulk Road Vehicle Truck Park , Daniel Adu , மேல் கிழக்கு , நம்பகத்தன்மை வங்கி , கானா வணிகரீதியானது வங்கி , நிறுவனம் க்கு ஆற்றல் பாதுகாப்பு ,