BOST exceeds performance targets, makes close to $30m profit on trading in 2015

BOSTBOST has already declared $21m in profit on its trading activities for the year. The company expects some $5m more before the last day of the year.

This was revealed by Managing Director of the company, Kwame Awuah-Darko in an interview with rawgist.com.

He says the company’s storage business has also done “quite well”.

He revealed that the company’s performance for 2015 has been above expectation. “We set out a two-year turnaround programme; Operation 24 which involved specific measurabe targets and by┬áJuly this year, we had exceeded those targets”.

He believes BOST has done extremely well for the country and promises BOST’s continued support for Ghana’s petroleum sector.

“At the beginning of the year, we had fuel prices at 18.5 cedis per gallon for petrol, by the grace of God, today, it’s 11 cedis per gallon. For the first time in the history of this┬ácountry, international market prices are being felt on the local markets.”

He commended government for being bold to de-regulate petroleum prices; a programme that has been on the table since 1996.

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