BOST makes GH¢35M in ten months

Business News of Wednesday, 13 December 2017



BOST MD, Alfred Obeng Boateng

Bulk Oil Storage and Transport Company Limited (BOST) under the leadership of Mr Alfred Obeng Boateng, has made a trading profit of GHC35 million in the last ten (10) months despite the huge debt and numerous problems the new administration inherited.

The positive news is an indication that the new leadership of the company was charting a new course.

According to the Local and Senior Staff Union of BOST, the new MD’s strategic approach to doing business was largely responsible for the surge in profit in spite of some negative news in the beginning of the year.

Speaking to newsmen, the workers predicted a bright future for the company in view of the various projects lined up to expand the activities of BOST across the country.

The staff members were particularly excited about management’s decision to construct an LPG terminal at Tema

“This is a project which will bring so much revenue to the company thereby making it more profitable,” the workers said.

Another project which has been embraced by the staff members according to the Chairman of the Senior Staff Union, Abdul Jalil Abdul Rahman, was the construction of the Bibiani Petroleum Depot.

The depot is strategically located such that when completed it will serve Western north, part of Ashanti Region, Brong Ahafo, and parts of Central Region.

The Chairman of the Junior Staff Union, Mr Manpaya, also told Today that workers were excited with the new measures Mr Obeng Boateng and management were putting in place to make the company more profitable and viable.

“Our MD is hardworking and he has BOST at heart; even on his birthday this year, he travelled to the north to inspect projects. We are always amazed at his dedication to the job. It is for this reason that we are strongly behind him and will continue to fight anybody or group of people who will try to sabotage him,” they warned.

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