Probe BOST & BDCs Relationship


–Kwesi Pratt Demands

A Full-Scale Independent Enquiry, Must Be Set Up To Investigate Reports Of Corruption Against Employees Of The Bulk Oil Storage And Transportation (BOST) Company, This Is According To The Managing Editor Of The Insight Newspaper.

Kwesi Pratt, Said The Revelations Made In A Comprehensive Report Prepared By Ernst And Young (E&Y), A Renowned International Accounting Firm, Should Not Be Taken Lightly.

Speaking On Radio Gold’s ‘Alhaji And Alhaji’ Programme On Saturday He Said “A Full Scale Independent Enquiry” Was The Only Thing That Can Establish The True Facts.

A Comprehensive Audit Report Prepared By E&Y On The Operations Of BOST From 2006, Has Revealed Massive Corruption, Involving Past And Present Officials Of The Company.

The Report Uncovered Widespread Corruption Among Senior BOST Officials, Some Of Whom Still Hold Sensitive Positions At Various Departments.

Officials Of 16 Bulk Oil Distribution Companies (Bdcs), Were Also Fingered In The Act.

The Report Described As Deliberate Activities Of Top Officials At BOST, Who Supported The Bdcs To Rob BOST Of Petroleum Products At The Depots.

This Has Led To Significant Petroleum Product Losses That Affected The National Strategic Reserve Of Petroleum Products.

Those Acts Have Led To Heavy Financial Losses To BOST And The State.

However, The Chamber Of Bulk Oil Distributors, Has Rejected The Accusations Leveled Against It.

Senyo Hosi, Chief Executive Of The Chamber Of Bulk Oil Distributors Told Joy News The Document The Media Relied On For Their Report Was “Totally Doctored” And “Fake”.

“I Have Every Reason To Suggest That None Of The Words Reflect Any Audit Yet To Be Commissioned,” He Said.

Mr. Hosi, Said It Would Be Impossible For The Bulk Oil Distribution Companies (Bdcs) To Overdraw From BOST Under The Period The Disputed Draft Audit Report Claimed.

But Mr Pratt Says The Truth About The Matter Can Only Be Known If An Independent Enquiry Is Made To Look Into The Allegations.

He Said, The Report Was Damning Enough To Thwart The Efforts Government Was Making To Deal With Corruption Issues In The Country.

The Former Attorney General And Minister Of Justice, Ayikoi Otoo, has Also called For further investigation Into the corruption allegations At BOST and if anyone is found culpable, the law must be allowed to take its cause.

he made the comments on ‘’Politically Legal’’, On Radio XYZ during a discussion on an audit report by Ernst & young which revealed massive corruption by officials of BOST and the BDCS, which has cost the government millions of cedis.

Mr. Ayikoi Otoo, said the report should be referred to the people involved to react and if satisfactory answers are not forthcoming, then it should be referred to the police cid to investigate where statements ought to be collected. these statements could then be used as a working document and sent to the attorney general for the necessary action.

Ransford Amon-Pabi Of Radio XYZ writes that Mr. George Tetteh Wayo, a legal practitioner, who was also on the programme condemned the system where very few people are lining the pockets with huge sums of money stolen from the nation.

Oto Konor, a communication member of the NDC explained that the collusion comes in when BDCS could claim to have brought in 1 million litres of fuel when in actual fact they brought just 100,000 litres and create deliberate losses which must be paid by government.

An audit report by Ernst & Young has revealed massive corruption at the bulk oil storage & transport (BOST) and the amount involved runs into millions of cedis.

The Chief Executive Officer (CEO) Of The Ghana Chamber Of Bulk Oil Distributors, Senyo Hosi Has Denied The BDCS Are Part Of Massive Fraud Against BOST.

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