IMANI President Franklin Cudjoe is advocating for the privatization of the Bulk Oil Storage and Transportation Company Limited, BOST.<\/p>\n
[contextly_sidebar id=”1sYU5Ebf556e50Ae2NATSWp3nR8yI4Ym”]The change of ownership, he argues, will ensure better management systems and efficiency in the running of the company.<\/p>\n
The call follows recent agitations from some workers of the company and the chamber of Bulk Oil Distributors, BDCs, over what they describe as bad management practices after the leakage of an audit report which implicated the two for maladministration.<\/p>\n
However a press statement issued by the BDCs said the report was \u201ccompletely false.\u201d<\/p>\n
It said attempts \u201cby\u00a0perpetrators of the story to blend voice recordings of evidence given in camera at sittings by a committee set up by the Energy Ministry, to look into complaints by BDCs against some BOST officials, held 3 years ago, with an unrelated stock reconciliation audit is most disingenuous and unfortunate.\u201d<\/p>\n
The statement categorically emphasized\u00a0that there has been “no fraud\u201d in its dealings with BOST and \u201cneither has the industry connived with any officials to loot the coffers of the state.\u201d<\/p>\n
The Managing Director of the\u00a0Bulk Oil Storage & Transportation Company Limited (BOST) has denied leaking an audit report indicting the Chamber of Bulk Oil Distributors (BDCs) for bribery and corruption.<\/p>\n
\u00a0\u201cI did not! I did not!\u201d he said, adding that \u201cI have signed an oath of secrecy and I take my oaths very seriously.\u201d He explained that he has been privy to the information on that tape from 2013 when he was appointed the MD of BOST and since the issues on that tape were so sensitive, \u201cI made it very clear last year in April when the BDCs wanted to operate the BOST facilities that they were not fit to do so because of some the comments I had heard on that tape.\u201d<\/p>\n
Speaking on the Citi Fm<\/strong>\u2019s News analysis programme,\u00a0The<\/strong>\u00a0Big Issue<\/strong>, Franklin Cudjoe says the state is not competent enough to operate the company.<\/p>\n \u201cThis is a state entity that has never returned any profit. It doesn\u2019t even know how much its debtors owe it. In fact I don\u2019t understand why BOST exist. If indeed we want to have strategic reserves I don\u2019t think it is a state entity that should run it. The fact of the matter is we are supposed to be running a liberalized regime. I think BOST itself has to be clearly looked at again,\u201d he stated.<\/p>\n –<\/p>\n By: Franklin Badu Jnr\/citifmonline.com<\/p>\n \n","protected":false},"excerpt":{"rendered":" IMANI President Franklin Cudjoe is advocating for the privatization of the Bulk Oil Storage and Transportation Company Limited, BOST. [contextly_sidebar id=”1sYU5Ebf556e50Ae2NATSWp3nR8yI4Ym”]The change of ownership, he argues, will ensure better management systems and efficiency in the running of the company. The call follows recent agitations from some workers of the company and the chamber of Bulk […]<\/p>\n","protected":false},"author":24,"featured_media":19212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,22,38,4],"yoast_head":"\n