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The Managing Director of Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Edwin Provencal, has pledged the commitment of the company to Ghanaians that the measures his team have put in place will contribute heavily to the price of fuel at the pump.

According to him, when the vision of the Minister for Public Enterprises to enhance the efficiency of Bulk Oil Storage and Transportation (BOST), Tema Oil Refinery (TOR) and Ghana Oil (GOIL) is achieved, consumers will see the benefit at the pump.

“We want to make a commitment to the people of Ghana that in the long run, BOST is going to contribute heavily to the price at the pump, because when the vision of the Minister is achieved by enhancing the efficiency of BOST, TOR, and GOIL’s, the consumer will see the benefit at the pump and that is the commitment we are going to support,” he pledged.

Speaking to the media after the presentation of BOST financial and operational performance to the Ministry for Public Enterprises, Mr Edwin Provencal indicated as a development economist that the public sector plays a role in the engine of growth of any economy.

“We are happy about the initiative we are putting in place because when the public sector works very well, the private sector will run. When the public sector drags, it brings everybody down; the whole economy grinds to a halt because the public sector is the oil that drives the efficiency of the private sector,” he noted.

Mr Edwin Provencal however applauded His Excellency President Akufo-Addo for the confidence he has reposed in him to continue as the Managing Director of Bulk Oil Storage and Transportation (BOST).

He further commended the management, board and the union of BOST for the exceptional role they have played to ensure the turnaround of the company; asserting that the big feat the company has chalked speaks volumes of leadership as there has not been any replacement but the same team he met.

“This is the same team that has been in place for a while and who have now achieved the turnaround in the company and that gives a very big statement that leadership is key. The leadership of the President is key to the success of BOST,” he noted.

Thanking the media, he said that without the press, BOST would never have achieved all the things they have achieved; thus, they have reported to the media truthfully and faithfully and have enjoyed the same coverage from the media.

“You have covered our news out there truthfully and faithfully. I remember when we engaged you on the BOST margin, you could see why we needed the BOST margin and you supported and eventually, the regulator gave it the BOST margin. I am sure we can all attest to the numerous projects and the numerous efficiency gain we have achieved for BOST. This could never have been done without the media support,” he applauded the media.

The Managing Director of BOST reiterated the commitment of the management team that the company in the next few years is going to make a huge profit and start paying dividends to the government of Ghana.

“We want to make a commitment that for the next few years, BOST is going to make a huge profit and start paying dividends to the government of Ghana,” he pledged.