Energy Minister Dr Mathew Opoku Prempeh has said he is aware of the political economy around the operations of the Bulk Oil Storage and Transformation (BOST).
He explained that the moment BOST steps up its performance, the avenues for the prosperity of some known private stakeholders become challenged and in the process of ensuring inefficiency gets restored, unsubstantiated allegations and calculated mudslinging are the obvious weapons.
“Government is aware of the turf war to get the company derailed and we are not falling for these to engage the reverse button,” he said in a statement captured in the 2021 annual report of the Company.
On fuel security, he said government is sparing no effort at ensuring BOST is resourced to hold stocks to fulfil this mandate.
“The modalities are well under consideration. For a sustainable solution to our fuel challenges, government is working to ensuring an efficient Tema Oil Refinery compliments the efforts of BOST by refining products and delivering same to BOST for storage and distribution to ensure the Ghanaian petroleum product consumer is saved the difficulty of high prices of products either due to the desire to make profit or real global challenges.
“On the financial performance for the year 2021, I would like to congratulate the board and management of the company. I am confident more can be achieved if the same momentum is sustained. A profit before tax of One Hundred and Sixty-Four Million Cedis from a previous year of Two Million Ghana Cedis is a massive achievement.
“This is an indication that with the right leadership and set of attitudes, State Owned Enterprises can grow to feed the government with the revenue required for our progress as a people. Government does not invest in SOEs to sit back and watch them making chain of losses from one fiscal year to the next. I believe the Public Enterprises Ministry and SIGA will leave no effort behind in encouraging and leading SOEs to deliver on their mandate and help government to make the lives of the people better.
“With the right focus, we can together make Ghana a proud nation without doubt,” the Manhyia South Lawmaker said.
By Laud Nartey|3news.com|Ghana