Audio By Carbonatix
Minister of Transport, Mike Hammah has said that transportation of petroleum products by the Volta Lake Transport Company will resume by the end of the month.
The company, which was established to use the Volta Lake to transport goods to the north is currently faced with serious financial challenges after its contract to ferry petroleum products was stopped in 2009.
Officials say having lost nearly 70 percent of their revenue stream, it has become almost impossible for them to meet their financial obligations with the very survival of the company under threat.
The Transport Minister however told Joy Business a contingency plan is in place to assist the company.
He said the government “has directed that the BOST (Bulk Oil Storage and Transport) should transport their petroleum products to the north via the Volta Lake.”
Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
HAKLA SC Vice President marks birthday with donation to Children’s home
18 minutes -
Shatta Wo Maame T…?
58 minutes -
Dr Kingsley Agyemang raises concerns over Ghana’s Ebola preparedness gaps
58 minutes -
EPA arrests Gyetey Gye Nyame Mining PRO over alleged illegal mining at Nkroful
1 hour -
Weija traditional leaders support demolition of structures on waterways to curb flooding
1 hour -
UGCFL26: Wilmar Africa, the newcomers taking over Group B
2 hours -
Why Gordon Asare Bediako matters for NPP 2028’s communication
2 hours -
UPSA hosts 11th Business & Entrepreneurship Conference on ESG and Sustainability
2 hours -
Strong public confidence boosts Ghana’s drive towards local vaccine production
2 hours -
Strategy Execution for Results
2 hours -
Teens need to press pause on late-night doomscrolling
2 hours -
PIAC probes delayed Ehi–Dzodze road project amid concerns over oil revenue use
3 hours -
SEED Club launched to nurture young entrepreneurs
3 hours -
Amb. Dr Samuel Ben Owusu calls for urgent action on Ghana’s water security
3 hours -
Pan Africa AU Agenda 2063 Mission, IAWPA hold Africa Day Leadership Summit in Accra
3 hours