Several scandals have been recorded at the Bulk Oil Storage and Transportation Company Limited (BOST) in both the regimes of the National Democratic Congress and the New Patriotic Party. This has been coupled with some huge state losses despite the amount of money that is always pumped and channeled into that agencies. BOST is amongst the few state agencies that have been recording huge losses for the country.
For the first time, after recording losses constantly for 11 years, BOST has made a turnaround profit of GHc 163.8 million. Aside from that, BOST has settled about 80 percent of its debts. This is a piece of news worth celebrating.
And this happened under the watchful vigilance of no other than the Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin A. Provencal. He is the one who deserves the credit for transforming the fortunes of Bulk Oil Storage and Transportation- BOST - Company Limited (BOST).
Anyone who followed the activities of BOST over the years will and must know that the company was in serious difficulties. As expected, the company became unattractive to investors leading to massive capital outflows.
That notwithstanding, the narrative has changed tremendously, and now BOST is making serious profit. This is another testimony to affirm that State or Public Sector Institutions can be managed to rock shoulders with world-class private sector institutions, once the right persons with good track record are appointed to head
Edwin A. Nii Obodai Provencal is a Development Economist, Entrepreneur, and Business Executive with decent experience in Telecommunications, ICT, and Contact Centers/BPOs. He has a high premium on building high-performance teams and developing leaders.His focus over the years has been on improving shareholder value via strategic implementation using the balanced scorecard, project management, and coaching.
He is affiliated to the ruling New Patriotic Party and this outstanding performance from him affirms the fact that the NPP has the men.
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