Business News of Monday, 27 September 2021Source: GNAThe management of the Bulk Oil Storage and Transportation (BOST) Company Limited, has paid $585 million of its $624 million trade debt it inherited in 2017 via Internally-Generated Funds over the past four years. The trade debt was incurred due to BOST's failure to pay its trading partners that supplied it with petroleum products. With support from the Energy Ministry and the National Petroleum Authority, it had resumed the export of petroleum products to landlocked countries including Burkina Faso, Mali, and Niger. Meanwhile, BOST had saved the nation $26 million after it conducted a forensic audit into a $37 million claim made by some eight Bulk Distribution Companies (BDCs). BOST has also paid GHc61 million out of the GHc284 million domestic debt it owed some local banks.

Source: GhanaWeb September 27, 2021 01:52 UTC