This was achieved after a forensic audit was done on the monies BOST was expected to pay CBOD.
According to the Managing Director of BOST, Edwin Provencal, the measure taken was relevant for the sustainability of his outfit.
“When I got into office, I didn’t just go ahead to pay the debt we owed CBOD. I asked for another forensic audit and guess what, we saved another $26m from the debt we owed CBOD.
He revealed that the audit carried out on the CBOD debt has reduced the amount to $10m.
“We have finished the forensic audit and the actual debt is around $10m now from $36m which was earlier presented. Hopefully, we will clear that debt in the first quarter of 2021 if we are unable to do it this year”.
Mr Provencal further indicated that his administration has been able to clear a chunk of BOST's debt.
“The last four years, out of the $624 million, we have paid almost $568 million. That is huge money.”
Meanwhile, presidential candidate of the National Democratic Congress (NDC), Mr John Dramani Mahama, has accused the current government of collapsing Tema Oil Refinery (TOR).
He has however pledged to revive the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation (BOST) if he is elected president in the December 7 general elections.
Read Full Story