The Bulk Oil Storage and Transportation Company Ltd. (BOST) says it'll in 2022 continue with the upgrade of its terminals over the nation.
It'll moreover repair the remaining flawed tanks and increment the Tema Akosombo pipeline capacity from the current six inches to 12 inches to make strides the productive conveyance of petroleum items over the nation.
There will too be the implementation of an viable Execution Administration Framework.
Overseeing Executive of BOST, Edwin Provencal, said this amid the conclusion-of-year stakeholder engagement with the media, which was utilized to layout the company’s accomplishment for 2021 and plans for 2022.
The engagement given a stage for BOST to share its victory stories and challenges with the media as portion of endeavors to advance integrity and accountability.
Mr. Provencal said BOST had moved from a misfortune-making and moo budgetary execution to a benefit-making and profit-paying substance.
The company is additionally making full utilization of assets and automation of operations.
On the bequest obligation, Mr. Provencal said BOST had cleared $584 million of the $626 million.“Out of this obligation, BOST paid $426 million, speaking to 73 per cent of the entire sum.â€
The BOST MD famous that it had moreover completed its 2020 review and paid obligation owed different banks, counting GH₵69.2 million owed to the GCB Bank, UBA advance of $20 million, GH₵215 million StanChart credit and $10 million UMB credit whereas it has diminished from $37.6 million to $11.5 million the sum owed to CBOD.
He said BOST had moreover decreased its stacking time from seven days to two days; connect-terminal stacking time from four hours to one and half hours and commenced the Front-Conclusion Designing Plan (Bolster) for the Accra to Kumasi pipelines and completed objective-setting preparing.
Mr. Provencal said BOST had implemented 15 unused arrangements in 2021, counting the graduation of the rectification staff situation and compensation issues, expanded income-winning assets from 34 per cent to 75 per cent and built up Commerce Chance and Compliance Unit.
He uncovered that BOST would continue to work towards getting to be the number one fuel and logistics trade administrator in West Africa.He said BOST’s arrange to construct Liquefied Petroleum Gas (LPG) tanks at all its terminals was progressing with the front-conclusion building plan.
Mr. Provencal said the move was portion of the company’s procedure of forcefully developing its trade by creating a arrange of capacity tanks, pipelines and other bulk transportation infrastructure all through the nation.
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