Chief Executive of the Chamber of Bulk Oil Distributors, Senyo Hosi has backed government's termination of the appointment of the Managing Director of BOST, Alfred Obeng Boateng. 

According to him, BOST has in recent times been an 'economy drainer' and the appointment of a new manager, he believes, would turn the situation around.

"The issues with BOST are not just about the leadership... Broadly, we have to properly define the place of BOST in the entire space," he said.

He continued: "Because right now it has become a drainer of the economy; raking up losses. Making taxpayers pay money."

"The GNPC among others had to pay money to bail out BOST. It shouldn't have been so," he added.

Mr Hosi is, therefore, impressing on the new MD, George Mensah Okley to consider the recommendations in the 2017 Industry Report to serve as a guide.

Controversy

The Managing Director of the Bulk Oil Storage and Transport Company, Alfred Obeng Boateng, was sacked on Wednesday.

A letter signed by the Executive Secretary to the President, Nana Bediatuo Asante said Mr Obeng Boateng has until Friday, June 8, to hand over appointment to George Mensah Okley.

Mr Obeng Boateng’s reign as BOST Managing Director has been dogged by one controversy after another relating to the sale of contaminated fuel to some private organisations.

He was, however, cleared by Bureau of National Investigations (BNI), according to Energy Minister Boakye Agyarko who had set up a committee to investigate the sale.