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Business News of Wednesday, 28 August 2019

Source: starrfm.com.gh

BOST board must go – COPEC

The Chamber of Petroleum Consumers Ghana (COPEC) has called for the dissolution of the board of the Bulk Oil and Transport (BOST) Company Limited following the resignation of its second Managing Director within a space of three years.

According to the CEO of COPEC, Duncan Amoah, the board which supervised the alleged malfeasance which caused the exit of the heads must share the blame of their actions.

“The existing board should be fired because all the things that led to the resignation and firing of the two heads at the place was supervised by this board,” he told Starr News Wednesday.

On Monday, Edwin Provencal was appointed as new MD for BOST after Mensah Okley tendered in his resignation to the President. Mr. Okley took over from Alfred Obeng who was entangled in corruption allegations.

In a statement hours after the appointment, Chair of the BOST Board, Ekow Hackman said “Pending the assumption of office by the Managing Director, Mr Moses Mensah Assem, the Deputy Managing Director of BOST, will act as Managing Director.

”The Board wishes to assure all stakeholder and the general public that the company operations will continue uninterrupted.”