BOST made a loss of GH¢291.02m in 2020 but reported profit – John Jinapor
Member of Parliament for Yapei-Kusawgu, John Jinapor, has disclosed that the Bulk Oil Storage and Transportation Company Limited (BOST) made a loss GH¢291.02 million in the year 2020, but reported it made profits.
“Last year we were told BOST made profit for the 2020 financial year only to be hit with the reality that the company actulaly made a loss of GH¢291.02 million,” he said.
He added that BOST has conspicuously introduced a 100% increment on BOST Margin from GHp6 to GHP12 per liter for the 2021 year under review. “This new increase for BOST comes on the back of an initial 100% increase, from GHp3 to GHp6 per litre in 2020,” he added.
BOST Margins are taxes imposed on petroleum products used to cover the maintenance and operating cost of petroleum product depots and undertaking expansion programs at depots.
The Member of parliament on his Facebook wall concluded that the increments from BOST “has brought the BOST Margin which is Tax to the company to a cumulative increment of 200% within two years”.
By: Agaatorne Douglas Asaah | myactiveonline.com
