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kalerkantho.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kalerkantho.com Daily Mail and Mail on Sunday newspapers.

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SOEs share their stories

BOST clears GH¢237m debt to banks - Denies claims of underperformance

Date: May - 06 - 2021 , 09:46 BY: Emmanuel Bruce • Mr Edwin Alfred Provencal - CEO, BOST The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin. In a release issued by BOST, the company noted that it had also paid $573 million out of its $623 million debt to suppliers and related parties, and successfully vetted the $36 million claims from products lost claims from Bulk Distribution Companies (BDCs) down to $14.8 million.

NPA Reduces Fuel Margins To 9 Pesewas

  The 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow Wednesday, May 5, 2021. This was announced after a meeting held at the Ministry of Energy earlier on Tuesday, May 04, 2021 between the Minister for Energy and the National Petroleum Authority. Other partners present at meeting were the Association of Oil Marketing Companies Bulk Oil Storage and Transportation Company Limited, the Chamber of Petroleum Consumers and the Institute for Energy Policies and Research. Source: GNA

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