Business News of Sunday, 2 July 2017
The Chief Executive Officer of the Bulk Oil Distribution Companies (BDCs), Senyo Hosi, has revealed that although his organisation is part of the committee set up by the Minister of Energy to probe happenings at the Bulk Oil Storage and Transportation Company Limited (BOST), he will not sit on the committee.
Speaking on TV3’s New Day on July 1, 2017, he said, among other things: “I will not be part of the committee.”
He added: “I think all activities at BOST, right from Awuah Darko’s time, till now must be looked at.
“I will not sit on that committee and I think that I have made that known to the minister. The constitution in there is not about me, it is about a representative from the Chamber. So the board will take a decision of who should be there.
“I have commented on the matter, so there will certainly be some sense of prejudice. So I don’t think I am qualified to be part of the committee.”
BOST has been accused of releasing onto the market contaminated fuel. Accordingly, Energy Minister Boakye Agyarko on Wednesday put together an eight-member committee to probe the sale of the contaminated fuel to Movenpiina, which in turn sold the consignment to Zup Oil for distribution to the pumps.
The committee is made up of representatives from the National Petroleum Authority (NPA), Tema Oil Refinery (TOR), Bureau of National Investigations (BNI), Ghana Standards Authority (GSA), Chamber of Bulk Oil Distributors (BDC), Association of Oil Marketing Companies, Energy Commission, and relevant civil society organisations.
They are to determine the circumstances that created the off-spec product, review procedures used by BOST to evacuate oil products, ascertain the quality of the product and the remaining quantity, determine if the product can be corrected, and if not determine what to use it for, and finally to review the transaction between BOST and Movenpiina.