The Bulk Oil Storage and Transportation (BOST) Company Limited will spend nearly GH¢2 hundred million on some of tasks this 12 months to assist remodel the petroleum sector.
The investment, in an effort to begin with the procurement method this sector, is likewise to carry more performance into the transportation of petroleum merchandise in the united states and for export.
The tasks will consist of the automation and improve of all of the organization’s depots to deliver them up to fashionable requirements to supply progressed performance.
The six depots are placed in Tema withinside the Greater Accra Region, Buipe withinside the Gonja District withinside the Savanna Region, Kumasi, the Ashanti Regional capital, and Bolgatanga, the Upper East Regional capital.
The relaxation are in Akosombo and the well-known Maame Water Depot at Adome, each withinside the Eastern Region.
“These initiatives are anticipated to generate jobs for gamers withinside the non-public sector, in addition to guard Ghana’s highways towards deterioration because of the motion of heavy-obligation vehicles transporting gas merchandise from Accra to Kumasi,” the Chief Executive Officer (CEO) of BOST, Mr Edwin Provencal, disclosed in an special interview with the Daily Graphic.
Courtesy
That become after he had paid a courtesy name at the Editor of the Daily Graphic, Mr Kobby Asmah, in Accra ultimate Wednesday to have interaction with him and the Editorial crew on what BOST turned into doing to make the countrywide strategic petroleum product distributor one of the maximum worthwhile and green public establishments in Ghana.
Mr Kobby Asmah (left), the Editor of the Daily Graphic, explaining tale choice methods to Mr Edwin Provencal, the CEO of BOST. Picture: DOUGLAS ANANE-FRIMPONG
“We will start off this zone; we can begin with the procurement procedures this region to make certain that we get the proper groups to assist us replace and automate our depots,” Mr Provencal stated.
“Despite the achievements we've chalked up, we nevertheless suppose we want to head full-blown automation in order to emerge as extra competitive,” he added.
Again, he found out that BOST become probably to enter the deliver of liquefied petroleum gas (LPG) during the u . s . a ..
“Wherever we've a depot, we are able to placed an LPG plant there to assist withinside the transition from fossil gas to gas, in keeping with weather motion plans and the President’s initiative on easy fuels,” he stated.
AfCFTA
Mr Provencal stated withinside the quest to leverage each possibility to make the employer extra applicable at the continent, BOST might additionally take gain of the African Continental Free Trade Area (AfCFTA) to do quite a few enterprise with neighbouring nations offshore.
In that regard, we're satisfied to mention that the National Petroleum Authority (NPA) is gambling a key position to make sure that there's an organisational coverage in order that vans do now no longer ought to pass all of the manner from Burkina Faso and Mali to Accra to choose gas.
“When they do that, they smash our roads; they boom our social cost. So if the NPA assists with the aid of using enforcing that organisational coverage, it'll assist us shop cash on our roads,” he explained.
He stated BOST become decided, collectively with the NPA, to eliminate all of the illicit alternate and adulteration of merchandise to make sure that fine became maintained.
Financial overall performance
On the agency’s economic overall performance during the last 5 years, Mr Provencal stated he took over an enterprise that had a $624-million debt striking on its neck.
On pinnacle of that, there has been any other GH¢284 million home legacy mortgage at the books, he stated.
Then, he stated, every of the organization’s transportation belongings, which includes the transmission pipelines and barges, turned into one hundred in keeping with cent out of service.
“We had been clearly striking on a noose, basically, and then you definitely are requested to perform,” he recounted.
The BOST CEO indicated that a lot because the task without a doubt seemed impossible, control and the board and body of workers have been decided to show across the situation.
“Today, all our marine property are running and producing profits for the enterprise. We have our pipelines, mainly the only connecting Buipe to Bolga, running, and we've got all however certainly considered one among our depots operating, for which cause we're capable of export to neighbouring nations,” he stated.
Mr Provencal stated withinside the 2020 audited accounts, the organization made approximately GH¢10 million earnings earlier than tax.
Last yr, he stated, the forecast became to make approximately GH¢30 million income earlier than tax.
Welcome interventions
Mr Asmah welcomed the intervention being made through the modern management of BOST and defined it as very fine which might move an extended manner to maintain the enterprise.
He stated with the proper technique to BOST and its green control, BOST could be in a great deal better function to play its rightful position withinside the improvement of the united states.
Mr Asmah pledged the guide of GCGL to the motive of BOST and its bid to triumph over its teething demanding situations such as out of date machines, negative capitalisation and gasoline adulteration that worsened its monetary role.
Furthermore, Mr Asmah stated it turned into very encouraging that BOST changed into the use of the equal human useful resource to show across the commercial enterprise.
He challenged them now no longer to relaxation on their achievements thus far however even to paintings more difficult to make BOST globally competitive.
News tactics
Mr Asmah took the possibility to give an explanation for the information strategies and choice to the BOST CEO and his group wherein he underscored the top rate the organization locations on better requirements of professionalism, integrity and verification.
He stated the paintings ethos of the institution hinges on fact and accuracy each day and this changed into what had made the diverse manufacturers of the organization “have to examine and have to keep”.
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